🚨 ETHZilla MELTDOWN! 🚨
💸 Shares PLUNGE ~30% 💸 despite holding $349M in $ETH + $238M cash!
🔥 What Happened:
74.8M convertible shares coming → dilution fears SKYROCKET 📉
Even with: Peter Thiel backing ✅, crypto market booming 📈
Outcome: ETHZ stock dives while Ether and the market rise 🟢
💎 Treasury Snapshot:
82,000 ETH 🏦
$238M cash 💵
Market thinks: “Wow, rich vault… but risky shares!” ⚡
💥 Investor Mood:
Fear = 😰
HODLers = 😎
Traders = 📊💹
⚠️ Key Takeaway: Crypto reserves can’t always shield your stock from dilution panic!