Ethereum treasury company ETHZilla (ticker: ETHZ) announced that it will implement a 1:10 reverse stock split effective October 20 to reduce the number of outstanding shares and raise the Nasdaq-listed share price above $10, thus attracting large mutual fund investors subject to minimum share price restrictions.
The company said the move is aimed at expanding institutional investor participation, allowing large institutions to access the collateral and margin facilities associated with stocks priced at more than $10. ETHZilla officially changed its name after receiving support from the Peter Thiel Founders Fund in August this year, and has previously increased its stock price through a $250 million share buyback and the investment of some ETH into the DeFi app. More than 60 institutional and crypto investors participated in the company's PIPE transactions, including Borderless Capital, GSR, Polychain Capital, and prominent angel investors.
ETHZilla to Implement 1:10 Reverse Split to Boost Share Price
2025-10-15 23:03:09
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