According to PR Newswire on September 2nd, ETHZilla plans to deploy about 100 million USD in ETH for re-collateralization on EtherFi. This initiative is intended to strengthen Ethereum’s security and improve treasury yield.
The company reports holding 102,246 ETH, worth approximately 456 million USD, and has recently canceled 1.318 million shares of stock from Elray Resources, Inc. ETHZilla reaffirms its focus on advancing DeFi integration.
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