ETHZilla Plans $350M Raise to Expand Ether Treasury and Yield Strategy – Crypto News

Ether treasury company ETHZilla is looking to raise another $350 million through new convertible bonds, with funds marked for more Ether purchases and generating yield through investments in the ecosystem. 

ETHZilla chairman and CEO McAndrew Rudisill said on Monday that the company’s strategy is to deploy Ether (ETH) in “cash-flowing assets” on the Ethereum network through layer-2 protocols and tokenizing real-world assets. 

“We believe our business model is highly scalable, with significant fixed operating leverage and recurring positive cash flow.”  

A growing number of digital asset companies are moving past simply holding crypto and looking to generate yields through active participation in the ecosystem, which crypto executives told Cointelegraph in August, could help spark a DeFi Summer 2.0.

ETHZilla is already earning tokens 

The Ether treasury company has already earned 1.5 million in unnamed tokens, according to the company’s disclosed financials through its participation in the ecosystem. 

“ETHZilla continues to actively deploy capital across the Ethereum ecosystem, strategically supporting a diverse range of protocols that drive innovation, long-term network growth, and differentiated yield,” the company said.