Article Details

Read Original
CryptoNews

Peter Thiel-Backed ETHZilla Dumps $74.5M in ETH, Abandons Treasury Strategy - What Went Wrong?

ETHZilla has sold 24,291 ETH for $74.5M to redeem secured convertible notes, trimming holdings to about 69,800 ETH. The Nasdaq firm has dropped its mNAV dashboard and has shifted disclosures to revenue and cash flow as shares have fallen about 96% from August highs.The post Peter Thiel-Backed ETHZilla Dumps $74.5M in ETH, Abandons Treasury Strategy - What Went Wrong? appeared first on Cryptonews.

0 |
0
🐂
🐻

Related Cryptocurrencies

Latest Crypto Articles

Community-submitted articles and insights

View all

Fear & Greed Index

Market sentiment indicator (24h)

62
Index
Greed
Extreme Fear Neutral Extreme Greed
0 50 100

Trending Coins Index

55 Neutral
63 Greed
63 Greed
64 Greed
56 Greed
View All Coins

Updated 8m ago

Trending Topics

Last 6h

Latest Crypto News

Real-time updates from trusted sources

Loading more news...