ETHZilla is reshaping its balance sheet. The company has sold 24,291 ETH for approximately $74.5 million as part of a plan to repurchase its outstanding senior secured convertible bonds. The move marks a clear shift in capital allocation. ETHZilla says the sale is directly tied to redeeming its senior collateralized convertible notes, with all or a significant portion of the proceeds earmarked for that purpose. According to the company, the transaction supports early redemptions scheduled for December 24 and December 30. In a statement shared publicly, ETHZilla confirmed the sale and clarified that its internal dashboard currently excludes cash
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