ETHZilla (Nasdaq: ETHZ) announced it has secured a $350 million convertible bond from an institutional investor and has revised the terms of its existing $156.5 million bond. The new issuance carries a 2% annual interest rate and a conversion price of $3.05 per share, as disclosed by the company. On a reported basis, ETHZilla holds 102,264 ETH and ETH equivalents valued at roughly $462 million, together with $559 million in cash and cash equivalents. These disclosed balances provide clarity on the firm’s liquidity position and debt profile, enabling investors and analysts to evaluate near‑term funding capacity and the potential impact of the convertible feature on capital structure.