ETHZilla Allocates $100 Million to EtherFi for Restaking Initiatives

On September 2, ETHZilla Corporation announced a $100 million investment into EtherFi, a leading liquid restaking protocol. This move is part of ETHZilla's treasury management strategy and marks its first engagement with DeFi protocols.

Key Points

ETHZilla holds 102,246 ETH, valued at approximately $456 million, along with $221 million in cash equivalents.
The firm's recent private placement raised $425 million from over 60 institutional investors.
In August, ETHZilla purchased over 20,000 ETH at an average price of $3,949 per coin.
EtherFi has emerged as the leader in liquid restaking, surpassing competitors like Eigenpie.
Total value locked in the restaking sector has exceeded $30 billion, indicating increased interest from validators and investors.
Restaking allows ETH holders to secure the network while generating additional returns and maintaining liquidity.
Corporate treasuries are increasingly adopting Ethereum as a reserve asset, with notable players like BitMine and SharpLink holding significant amounts of ETH.

ETHZilla’s commitment to restaking positions it favorably in the evolving landscape, with expectations for continued growth in this area.