US Stock Market ETH Treasury Company ETHZilla Plans to Raise $350 Million Through Convertible Bonds

BlockBeats News, September 22, ETHZilla (Nasdaq: ETHZ) announced that it has received a $350 million convertible bond investment from a certain institutional partner and modified the terms of its existing $156.5 million bond. The new bond will have a 2% annual interest rate and a conversion price of $3.05 per share.

The company's financial position includes holding 102,264 ETH and ETH equivalents worth approximately $462 million, as well as $559 million in cash and cash equivalents.