Peter Thiel-backed crypto stock sinks after repaying debt
Yahoo Finance·2025-12-23 07:27

Shares of ETHZilla (NASDAQ: ETHZ) fell on Dec. 22 after the company disclosed on Dec. 19 that it had sold 74.5millionworthofEthereum(ETH)toredeemoutstandingdebt.Atpresstime,ETHZwasdownby 7.6174.5 million worth of Ethereum (ETH) to redeem outstanding debt. At press time, ETHZ was down by 7.61%, trading at 6.38. This was also a 26.30% drop in its price in the past six months. Less than six months after pivoting to an Ether-based digital asset treasury (DAT), ETHZilla said it sold 24,291 ETH to repay senior secured convertible notes. “As part of redeeming our outstanding senior secured c ...