ETHZilla Dumps Nearly $100M into DeFi-Because Why Not?

by

Hold onto your digital wallets, folks! ETHZilla-yes, the beast that probably has feelings-just decided to toss nearly a quarter of its ETH treasure into EtherFi’s liquid restaking protocol. 💸 Because apparently, just hoarding Ethereum isn’t enough, now they wanna play DeFi bingo with $100 million. 🎯

Image placeholder: ETHZilla’s big move

ETHZilla launching into DeFi heaven

So here’s the scoop: ETHZilla, which is like that one friend who just got a Nasdaq badge-because who doesn’t love a giant publicly traded lizard?-is putting about $100 million of its precious Ethereum into EtherFi. That’s around 25% of its stash of 102,246 ETH, or a *lot* of digital donuts. 🍩 This is basically their first rodeo into decentralized finance, and they’re doing it with all the grace of a toddler on a sugar high.

Image placeholder: Nasdaq logo with ETHZilla

Nasdaq meets DeFi: ETHZilla’s debut

“Their commitment proves that corporate treasuries are finally waking up and saying, ‘Hey, maybe risking it all with some liquid restaking isn’t just for crypto-nerds anymore!’”-EtherFi CEO Mike Silagadze, probably sipping a fancy coffee.

ETHZilla’s Big Leap: Restaking and Cocktails?

Apparently, ETHZilla is throwing its hat into the ring, hoping to make mega yields while also playing bodyguard for Ethereum’s security. Because what’s better than earning crypto? Doing it while pretending to be a responsible grown-up! 👨‍💻

This move signifies that even big corporate entities are ready to dip their toes-and maybe their entire foot-into DeFi pools, with a total Ethereum haul averaging around $3,948.72 per coin, making this a pricey game of digital Monopoly. Their treasury is sitting pretty with roughly $456 million worth of ETH, along with a shiny $221 million stash in cold, hard cash-because they’re *prepared* to keep the lights on or buy more lizards if need be.

Image placeholder: Cash and ETH

Liquidity and digital gold for the daring

And get this-after snagging 7,600 ETH in late August, ETHZilla’s buying binge paused faster than a Netflix binge on a Sunday morning. Looks like they hit their target, took a deep breath, and now they’re just waiting to see how much money they can make while playing it cool.

Read More

2025-09-02 20:55