- ETHZilla allocates US$100M (AU$153.5M) into EtherFi to generate incremental yield and reinforce Ethereum security.
- Liquid restaking platform EtherFi tops the market, with sector-wide assets exceeding US$30B (AU$46.0B).
- Treasury growth is supported by a robust balance sheet and a US$425M (AU$652.4M) fundraising round.
ETHZilla Corporation, the Nasdaq-listed Ethereum digital asset treasury backed by Peter Thiel, has confirmed it will allocate US$100 million (AU$153.5 million) into EtherFi, a liquid restaking protocol that allows enhanced yield generation while reinforcing Ethereum’s network security.
Executive Chairman McAndrew Rudisill called the partnership a milestone for the firm’s entry into decentralised finance (DeFi) and a key step forward in its treasury management strategy. The decision, which follows the firm’s July rebrand from 180 Life Sciences Corp., highlights its pivot toward DeFi while balancing yield generation, Ethereum security, and treasury liquidity.
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.
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EtherFi is currently the leading liquid restaking protocol by total value locked, outpacing competitors like Eigenpie. Across the sector, assets locked have climbed above US$30 billion (AU$46.0 billion). According to EtherFi CEO Mike Silagadze, ETHZilla’s entry marks an important signal of institutional confidence in a decentralised platform.
We are incredibly excited by ETHZilla’s pioneering approach to how treasury companies can strategically optimise their holdings.
Mike Silagadze, CEO of EtherFi Firm Strengthens Balance Sheet
In addition to the EtherFi deployment, ETHZilla maintains 102,246 ETH, valued at approximately US$456 million (AU$700.6 million), alongside US$221 million (AU$339.1 million) in cash equivalents.
In August, the firm expanded its holdings by over 20,000 ETH at an average purchase price of US$3,949 (AU$6,062).
Last month, it strengthened its balance sheet through a US$425 million (AU$652.4 million) private placement with more than 60 institutional and crypto investors, including Electric Capital and Polychain Capital, and streamlined its capital structure by cancelling 1.3 million shares formerly held by Elray Resources under a US$1 million (AU$1.5 million) settlement.
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