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ETHZilla Corporation Stock Plummets 10.59% Amid $516M Convertible Notes Redemption Plan

ETHZilla Corporation Stock Plummets 10.59% Amid $516M Convertible Notes Redemption Plan

Author:

Global Cryptocurrency

Published:

2025-12-10 16:50:03

19

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BTCCSquare news:

ETHZilla Corporation's stock (ETHZ) tumbled 10.59% to $10.05 following the announcement of a $516 million convertible notes redemption plan. The company aims to complete the redemption by December 2025, using restricted cash pledged as collateral.

The MOVE is part of ETHZilla's strategy to streamline its capital structure and enhance financial flexibility. Despite the market's negative reaction, the CEO remains optimistic about the company's long-term growth prospects.

Convertible note holders will receive 117% of the principal amount plus accrued interest. This early redemption underscores ETHZilla's commitment to strengthening its balance sheet ahead of schedule.

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