Positive
Seeking Alpha
1 month ago
ETHZilla: Discounted To NAV And Finding Its Foothold In The Ethereum Ecosystem
ETHZilla has pivoted from biotech to become a major Ethereum treasury and infrastructure company, holding 102,326 ETH worth $421 million. ETHZ partners with DeFi and tokenization firms, actively deploys ETH for yield, and has resolved most legacy capital structure issues while managing new dilution risks. At $20.65 per share, ETHZ trades at a 22% discount to its $26.46 NAV per share, making it one of the attractive crypto treasury companies at the moment, with share buybacks underway.