Blockchain asset tokenization firm ETHZilla will repurchase its 2028 convertible bonds at a premium before year-end to improve capital efficiency.
ETHZilla plans to redeem $516 million worth of 2028 convertible bonds early at 117% of face value plus accrued interest before December 30. The company will use restricted cash as collateral for the buyback, aiming to streamline its capital structure and enhance financial flexibility in its blockchain asset tokenization operations.