ETHZilla Corporation Announces Revised Interest Terms and $350 Million Convertible Debenture Investment
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ETHZilla Corporation has announced the issuance of $350 million in new convertible debentures, amending an existing agreement valued at $156.5 million. The existing debentures will maintain a 0% interest rate until February 6, 2026, then shift to 2%, down from 4%. The new debentures will also have a 2% interest rate, with a conversion price set at $3.05 per share. This move aims to strengthen capital reserves and enhance growth in the DeFi sector.
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