ETHZilla, a focused Ethereum treasury manager, published an update on X detailing its on‑chain holdings. For the week of November 17, 2025, the firm reported an outstanding balance of 94,060 ETH.

The reported valuation stood at approximately $285 million, with an accompanying mNAV of 0.74, reflecting the current asset profile of the position.

This disclosure aligns with leading practices in crypto treasury management, offering readers a transparent snapshot of ETHZilla’s liquidity posture and risk exposure amid a dynamic market environment.