ETHZilla is raising $350 million in new convertible bonds to buy more Ether and deploy ETH into yield-generating Layer‑2 protocols and tokenized real‑world assets, aiming to expand its Ether treasury and produce recurring cash flow through active ecosystem participation.
Fundraise: $350M convertible bonds targeted for additional Ether purchases
Deployment: capital to be placed in Layer‑2 protocols and tokenized real‑world assets to generate yield
Scale: ETHZilla holds 102,000 ETH today and could add up to ~120,000 ETH if full raise is used for purchases
ETHZilla Ether treasury raises $350M via convertible bonds to buy more ETH and deploy into Layer‑2 yield strategies — learn how this boosts treasury growth.
What is ETHZilla’s new fundraising plan?
ETHZilla plans to raise $350 million through new convertible bonds, directing proceeds to purchase additional Ether (ETH) and to deploy that ETH into cash‑flowing opportunities on the Ethereum network. The company aims to grow its treasury and produce recurring positive cash flow through Layer‑2 protocols and tokenized real‑world asset strategies.
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How will ETHZilla deploy the newly raised Ether?
ETHZilla’s CEO, McAndrew Rudisill, says the strategy is to place ETH into yield-generating, “cash‑flowing assets” across Ethereum, including Layer‑2 rollups and tokenized real‑world assets. The firm already participates in protocol incentive programs and has recorded earned tokens from ecosystem engagement.
Frequently Asked Questions
How much convertible debt has ETHZilla issued previously?
ETHZilla previously raised $156.5 million via convertible bonds. Combined with the new $350 million target, the company would have raised over $506 million to support Ether accumulation and ecosystem investments.
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CEO McAndrew Rudisill leads ETHZilla and states the company will deploy ETH into cash‑flowing Layer‑2 protocols and tokenized real‑world assets to achieve scalable, recurring cash flow.
Yes. ETHZilla ranks eighth out of 69 listed Ether treasury companies with roughly 102,000 ETH, while the combined group holds about 5.25 million ETH (≈4.25% of circulating supply).
Formerly Life Sciences Corp., a Nasdaq-listed biotech, the company rebranded to ETHZilla in July to pivot capital allocation toward Ether investment. The rebrand reflects a strategic move to monetize network participation and capture protocol-level yields instead of relying on biotech revenue streams.
After years of decline from its IPO, the stock has gained roughly 31% year‑to‑date, with a notable month in August. Recent sessions show volatility: a 5% drop in regular trading followed by a 2% after‑hours rise to $2.45.
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