ETHZilla | Crypto

The transaction highlights growing pressure on crypto treasury companies to prioritize debt reduction as token prices remain volatile. Crypto treasury company ETHZilla said in a filing with US regulators that it sold part of its Ether holdings to repay outstanding convertible notes amid a broader market downturn. The company disclosed in a filing with the Securities and Exchange Commission the sale of 24,291 Ether (ETH) for $74.5 million at an average price of $3,068.69 per token, leaving about 69,800 ETH on its balance sheet as of Friday. The company said it expects to use all or a significant portion of the proceeds to redeem its outstanding senior secured convertible notes. Read more

The company’s second acquisition in a week brings manufactured-home chattel loans onchain as Ether treasury stocks continue to slide. Former biotech company ETHZilla (ETHZ) is doubling down on its push into real-world asset markets, taking a 15% stake in digital housing lender Zippy to bring manufactured-home loans onchain. The deal marks the company’s second acquisition in a week. According to Wednesday’s announcement, ETHZilla will pay $5 million in cash and $16.1 million in stock for a 15% stake in Zippy, a US-based lender founded in 2021 that originates manufactured-home loans through a digital platform. The companies plan to link Zippy’s loan-origination and AI-powered systems with ETHZilla’s tokenization stack for onchain distribution of manufactured-home chattel loans, including potential forward-flow sales to institutional investors. Read more

The deal grants ETHZilla access to Karus’s AI underwriting engine and loan origination network, positioning the crypto treasury company to offer auto credit onchain in 2026. Crypto treasury company ETHZilla (ETHZ) has taken a strategic step into onchain credit with the acquisition of a 20% fully diluted stake in automotive-finance AI startup Karus. The $10 million deal includes $3 million in cash and $7 million in ETHZilla stock, and will allow the company to integrate Karus’s underwriting AI models into its blockchain stack to issue tokenized auto-loan portfolios. According to Wednesday’s announcement, Karus’s decisioning engine is trained on more than 20 million historical auto-loan outcomes and has evaluated over $5 billion in loans at origination, giving ETHZilla a pre-modeled data set to structure AI-segmented pools with onchain settlement. The first tokenized portfolios are slated for early 2026. Read more

ETHZilla’s CEO says the Ethereum treasury company plans to work with layer-2 protocols to generate a higher yield than it could get from staking. ETHZilla CEO McAndrew Rudisill has revealed he made the decision to go all in on Ethereum after seeing its potential in the nearly trillion-dollar global remittance market. Two months later, his formerly floundering biotechnology company is now the eighth-largest public Ethereum treasury in the world. “Ethereum is effectively a gateway for money supply globally to transmit in US dollars,” ETHZilla CEO McAndrew Rudisill told Cointelegraph. Read more

ETHZilla has confirmed plans to rebrand from 180 Life Sciences and adopt Ethereum as its reserve asset, funding the move with a $425 million PIPE. Proceeds will buy ETH and support a yield program run by Electric Capital, guided by a DeFi Council and investors such as Polychain. The post 180 Life Sciences Rebrands as ETHZilla, Unleashes $425M Ethereum Treasury Raise appeared first on Cryptonews.