ETHZilla’s stock plummeted over 5% after the 1-for-10 reverse stock split announcement, transforming 160 million shares into just 16 million. The firm aims to attract institutional investors by elevating stock prices above 10.00 USD.
ETHZilla currently possesses about 102,000 ETH, valued at over 400 million USD, positioning itself as one of the largest Ethereum holders while maintaining focus on Ethereum strategies and expanding traditional finance.
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