- ETHZilla Corp. announced an **ETH Accumulation Status Update** as of **September 26, 2025**, reporting **102,273** total ETH & ETH Equivalents held, valued at approximately **$404 million**.  **[1690080_0001213900-25-093411_ea0259105-8k_ethzilla.htm:2]** 
- As of **September 26, 2025**, the company also reported approximately **$569 million** in USD Cash & Cash Equivalents, **$556 million** in Total USD Debt, and **160,176,122** Total Shares Outstanding.  **[1690080_0001213900-25-093411_ea0259105-8k_ethzilla.htm:2]**  
- Key metrics as of **September 26, 2025**, include a **Market Cap of $402 million** and an **Enterprise Value (EV) of $389 million**.   
- ETHZilla's strategy involves generating enhanced yield by staking ETH and deploying treasury positions into DeFi protocols, and tokenizing real-world assets to create new on-chain cash flows.  **[1690080_0001213900-25-093411_ea025910501ex99-1_ethzilla.htm:5]**  
- The company measures its ETH holdings at fair value under ASU 2023-08, which may cause significant volatility in reported earnings due to changes in fair value and potential impairment charges.

ETHZilla Corp. Provides Q2 2025 ETH Accumulation Status and Key Metrics

- ETHZilla announced a **$350 million** add-on convertible debenture investment on September 22, 2025, bringing the total convertible debentures to approximately **$500 million**.  **[1690080_0001213900-25-089862_ea025818801ex99-1_ethzilla.htm:0]** **[1690080_0001213900-25-089862_ea025818801ex99-1_ethzilla.htm:0]** 
- The new debentures bear a **2% annual interest rate**, and the interest rate on the previously issued **$156.5 million** debentures was amended to **0% until February 6, 2026, then 2% annually**.  **[1690080_0001213900-25-089862_ea025818801ex99-1_ethzilla.htm:0]** **[1690080_0001213900-25-089862_ea025818801ex99-1_ethzilla.htm:0]** 
- As of September 19, 2025, the company reported **$559 million** in cash and cash equivalents, **$462 million** in ETH NAV, and an mNAV of **0.87x**.  **[1690080_0001213900-25-089862_ea025818801ex99-1_ethzilla.htm:0]** **[1690080_0001213900-25-089862_ea025818801ex99-1_ethzilla.htm:0]** 
- The company repurchased approximately **0.5 million shares** at an average price of **$2.41** during the week ending September 20, 2025, contributing to a total of approximately **6.45 million shares** repurchased in September.  **[1690080_0001213900-25-089862_ea025818801ex99-1_ethzilla.htm:0]** **[1690080_0001213900-25-089862_ea025818801ex99-1_ethzilla.htm:0]**

ETHZilla Secures $350 Million Convertible Debenture Investment and Provides Business Update

- ETHZilla announced a **$350 million convertible debenture** investment from an institutional partner, with the new debentures bearing a **2% annual interest rate** and a conversion price of **$3.05 per share**.  **[1690080_20250922NY79884:0]** 
- The company repurchased approximately **0.5 million shares** at an average price of **$2.41** during the week ending September 20, 2025, bringing total September repurchases to approximately **6.45 million shares**.  **[1690080_20250922NY79884:0]** 
- As of September 19, 2025, ETHZilla held **102,264 Total ETH & ETH Equivalents** (approximately **$462 million**) and approximately **$559 million in USD Cash & Cash Equivalents**.  **[1690080_20250922NY79884:0]** **[1690080_20250922NY79884:1]** 
- ETHZilla plans to provide guidance for the remainder of 2025 in its Q3 earnings release.  **[1690080_20250922NY79884:0]**

ETHZilla Announces $350 Million Convertible Debenture and Business Update

- As of September 12, 2025, ETHZilla holds **102,255 Ether** and ETH Equivalents, acquired at an average price of **$3,948.72**, with a current valuation of approximately **$460 million**. The company also holds approximately **$228 million** in USD cash equivalents.  **[1690080_0001213900-25-087425_ea025733401ex99-1_ethzilla.htm:0]** **[1690080_0001213900-25-087425_ea025733401ex99-1_ethzilla.htm:1]** **[1690080_0001213900-25-087425_ea0257334-8k_ethzilla.htm:2]** 
- In September 2025, ETHZilla repurchased approximately **6.0 million shares** at an average price of **$2.50 per share** under its **$250 million** stock repurchase program.  **[1690080_0001213900-25-087425_ea025733401ex99-1_ethzilla.htm:0]** 
- ETHZilla is actively deploying its ETH into Layer 2 Ethereum protocols, including minting its first EtherFi ETH, with the goal of generating meaningful ETH yield and increasing Net Asset Value.  **[1690080_0001213900-25-087425_ea025733401ex99-1_ethzilla.htm:0]**

ETHZilla Provides Update on ETH Holdings, Share Repurchases, and Yield Allocation

- ETHZilla repurchased approximately **6.0 million shares** in September 2025 at an average price of **$2.50 per share**, including **4.0 million shares** this week, reducing shares outstanding by **2.3%**.  **[1690080_20250915NY73161:0]** 
- As of September 12, 2025, the company holds **102,255 Ether (ETH) & ETH Equivalents** valued at approximately **$460 million**, with an average acquisition price of **$3,948.72**, and approximately **$228 million in USD cash equivalents**.  **[1690080_20250915NY73161:0]** 
- To fund its **$250 million stock repurchase program**, ETHZilla drew **$50 million** on September 8, 2025, from an up to **$80 million** over-the-counter transaction collateralized by a portion of its ETH holdings.  **[1690080_20250915NY73161:0]** 
- ETHZilla is executing on its strategy to deploy ETH into Layer 2 Ethereum protocols to generate yield, having minted its first EtherFi ETH this week.  **[1690080_20250915NY73161:0]**

ETHZilla (ETHZ)