ETHZilla’s Ethereum Gamble: Wild Stock Ride After Reverse Split – What’s Next?
ETHZilla (NASDAQ: ETHZ) begins trading Oct. 20 after a 1-for-10 reverse stock split, lifting its share price to about $16.80. The move follows a 15% drop last week, though the stock remains up over 90% year-to-date. ETHZilla, now focused on Ethereum, holds over $400 million in ETH and $215 million in cash. Peter Thiel owns a 7.5% stake; analysts warn of volatility tied to crypto markets.