ETHZilla Sells $74.5M in Ethereum to Repay Debt, Pauses Bitcoin Purchases

News Flash 2025-12-23 10:47

ETHZilla has sold $74.5 million worth of Ethereum to repay its debt, marking the company's second significant ETH sale in four months. This move comes as part of a strategy shift that includes halting Bitcoin purchases and increasing cash reserves to $2.19 billion. The decision follows a 30% drop in Bitcoin prices since October, adding pressure on firms in the crypto space. Michael Saylor has allocated $1.4 billion for interest and dividends amid the market's volatility. As Bitcoin's price decline continues, investors are increasingly focusing on altcoins, seeking opportunities in a market characterized by growing uncertainty.

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