ETHZilla Reverse Split: Strategic Move to Attract Institutional Capital

ETHZilla (ETHZ), the sixth-largest publicly traded Ethereum treasury firm, announced a 1-for-10 reverse stock split to become effective on October 20. This move is a proactive strategy designed to meet institutional standards, specifically aiming for a share price above $10.00 to enable broader participation from mutual funds and sophisticated investors.

Despite a temporary dip in share price, this reflects a positive strategic alignment, ensuring the firm can access larger pools of conservative capital. ETHZilla currently holds over 102,000 ETH (worth $407 million) and confirmed the split will not impact its ETH accumulation plans. The firm is actively building out new ventures in tokenization and DeFi integration, positioning itself for long-term growth beyond just asset holding . #anh_ba_cong