Ether treasury company ETHZilla is looking to raise another $350 million through new convertible bonds, with funds marked for more Ether purchases and generating yield through investments in the ecosystem.
ETHZilla chairman and CEO McAndrew Rudisill data-ct-non-breakable=”null” href=”https://www.prnewswire.com/news-releases/ethzilla-announces-350-million-add-on-convertible-debenture-investment-and-provides-business-update-302562888.html” rel=”noopener nofollow” target=”_blank” title=”null”>said on Monday that the company’s strategy is to deploy Ether (ETH) in “cash-flowing assets” on the Ethereum network through data-ct-non-breakable=”null” href=”https://cointelegraph.com/learn/articles/a-beginners-guide-on-blockchain-layer-2-scaling-solutions” title=”null”>layer-2 protocols and tokenizing real-world assets.
lockquote data-ct-non-breakable=”undefined”>“We believe our business model is highly scalable, with significant fixed operating leverage and recurring positive… lockquote>
