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ETHZilla has announced a plan to issue up to $10 billion in common stock to purchase more ETH.
BlockBeats News, August 23, US stock Ethereum reserve company ETHZilla (formerly 180 Life Sciences) announced that, according to the amended and restated sales agreement with Clear Street LLC, the company plans to periodically issue and sell common stock through Clear Street as a sales agent, with the maximum total amount to be raised of up to $10 billion.
As of this announcement, the company has issued and sold 5,001,310 shares of common stock under the initial sales agreement, raising a total of approximately $34.4 million. From the date of this prospectus supplement, the company will no longer sell common stock pursuant to the market issuance prospectus submitted on August 13, 2025.
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