Overview

• The planned allocation represents nearly a quarter of ETHZilla’s 102,246 ETH treasury, valued at about $456 million as of Aug. 31.
• Executives say the move targets incremental yield while reinforcing Ethereum’s security through EtherFi’s liquid restaking model.
• ETHZilla reports roughly $221 million in cash equivalents and about 166.6 million shares outstanding after canceling 1.3 million shares tied to Elray Resources.
• The company accumulated its position at an average price near $3,948 per ETH and signals a shift from buying to deploying on-chain.
• Industry reporting cites EtherFi as a leading restaking provider as sector total value locked tops $30 billion, and ETHZilla’s program is managed with Electric Capital.