ETHZilla Targets $350M Mega-Fund to Fortify Ethereum Reserves

ETHZilla launches massive capital offensive to bulletproof Ethereum holdings.

The $350 Million Power Play

Moving beyond typical treasury management strategies, ETHZilla's aggressive funding round signals institutional-grade confidence in Ethereum's long-term valuation. The capital injection—one of the largest dedicated ETH reserve boosts this cycle—aims to create an impregnable war chest ahead of anticipated market volatility.

Strategic Reserve Accumulation

Unlike traditional finance's obsession with diversified bonds and gold, ETHZilla doubles down on pure ETH exposure. The move echoes corporate treasury strategies from 2020-2021 but scales ambition to match 2025's institutional adoption landscape. Treasury diversification? Apparently that's for boomers holding government bonds yielding less than inflation.

Market Implications

This reserve expansion could trigger copycat maneuvers across crypto-native organizations—potentially creating a supply squeeze right as ETH's protocol upgrades enhance its deflationary characteristics. Because nothing says 'financial innovation' like hoarding digital assets while traditional banks pay 0.01% interest.

ETHZilla’s yield strategy 

Besides buying ETH, the company also mentioned that it generated extra cash from using ETH in LAYER 2 protocols and from its cash invested in the U.S. Treasuries and commercial paper, and it is looking into turning real-world assets into tokens. Furthermore, the firm repurchased approximately 500,000 shares at an average price of $2.41. At present, ETHZilla’s total holdings Ethereum is equivalent to 102,264, worth approximately $462 million. 

The firm also aims to roll out an ETH dashboard in the coming weeks, offering real-time visibility into its treasury and on-chain yield strategies. The company will also provide updated financial guidance for the remainder of 2025 in its Q3 earnings report. 

Also Read: BitMine Now Holds 2% of Ethereum, Raises $365M to Buy More