ETHZilla Stock’s Wild Ride: Crypto Pivot, Reverse Split and Big Bets – What’s Next?
ETHZilla Corp (NASDAQ: ETHZ) closed at $1.68 per share (pre-split) on Oct. 20, down 15% for the week, but remains up over 90% year-to-date. A 1-for-10 reverse stock split took effect today. ETHZilla holds about 102,000 ETH and $215 million in cash and stablecoins, and recently launched a $250 million buyback. Shares surged 207% in August after Peter Thiel disclosed a 7.5% stake.
