Holding 94,675 $ETH, equivalent to approximately $445 million, the NASDAQ-listed company ETHZilla $ETHZ announced the issuance of up to $10 billion in common stock, with Clear Street as the underwriter, to purchase ETH.



As of August 22, ETHZilla has issued 5,001,310 shares of common stock, raising a total of $34.4 million, with a unit price of $6.87.

The agency fee for Clear Street may reach up to 3%.

The stock price of ETHZilla surged from $3.3 (on August 11) to $17.46 (on August 13) due to an investment stake from Silicon Valley guru Peter Thiel, and then plummeted back to $3.3 (on August 22), experiencing a high drop of 81%.
ETH-2.73%
CLEAR-3.73%
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