Recently, financial circles have been buzzing with reports that Ethzilla allegedly filed for a $10 billion stock offering to purchase Ethereum. However, as of August 23, 2025, there is no confirmation from primary sources.
Lack of Confirmation
Reports claim that Ethzilla filed for a $10 billion stock offering to buy more ETH. However, confirming information from official channels is absent. The last verified major financial transaction was a $419 million ETH purchase.
Ethzilla's Financial Strategies
Ethzilla's strategy focuses on non-leveraged acquisition of ETH. Chair McAndrew Rudisill noted, "There will be a point in the cycle where maybe Ether runs to $15,000 and pulls back to $10,000. That’s still a 33% drawdown. We don’t want to be levered for that."
Market Reactions to the Rumors
The market has shown uncertainty in response to the stock offering claims. However, Ethereum prices have not demonstrated consistent movement that would align with a $10 billion transaction. Current market conditions do not support the occurrence of such a sizable purchase.
Thus, the absence of primary evidence reinforces the need for continued monitoring of rumors surrounding Ethzilla. The potential stock offering, if verified, could have significant financial implications for both the company and the broader cryptocurrency landscape.
