Key Takeaways

ETHZilla has deployed $100 million into EtherFi’s liquid restaking protocol, reinforcing Ethereum’s role in institutional treasury strategies. 

Ethereum’s [ETH] growing dominance in the crypto landscape is drawing heightened attention from institutional players, marking a clear shift in market sentiment.

Once overshadowed by Bitcoin [BTC], Ethereum is now positioning itself as the backbone of decentralized finance (DeFi), tokenization, and next-generation blockchain innovation.

ETHZilla’s Ethereum bet

Reflecting this trend, ETHZilla Corporation announced its decision to deploy approximately $100 million worth of ETH into EtherFi, a liquid restaking protocol designed to optimize yield generation on digital assets.

Executive Chairman McAndrew Rudisill described the initiative as a “strategic evolution” in treasury management, signaling ETHZilla’s confidence in Ethereum’s ability to outperform traditional yield models.

He said,

“By deploying $100 million into liquid restaking, we’re reinforcing Ethereum’s security while unlocking incremental yield opportunities to enhance returns on our treasury holdings.”

He continued,

“Partnering with EtherFi marks a pivotal step in our engagement with DeFi, aligning innovation with prudent asset stewardship.”

ETHZilla treasury details

As of the 31st of August, ETHZilla’s treasury reported holding a total of 102,246 ETH and ETH equivalents, valued at approximately $456 million.

In addition, ETHZilla maintains around $221 million in U.S. dollar cash equivalents, underscoring a balanced approach between fiat reserves and crypto assets.

While the company’s total shares outstanding stood at 166,

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Author: Ishika Kumari