ETHZilla plans to redeem $516 million of 2028 convertible bonds early to optimize its capital structure

ETHZilla announced that it plans to complete the early redemption of a total of $516 million of convertible bonds maturing in 2028 by December 30, with a redemption price of 117% of the face value, along with the payment of accrued interest. The company will utilize restricted cash held as collateral to support this redemption and has signed relevant agreements with bondholders.

ETHZilla stated that this move aims to simplify its capital structure and enhance financial flexibility, in line with its recent business advancements in on-chain asset tokenization, including the previously disclosed deployments and investments related to Karus and Zippy.