ETHZilla, a Nasdaq-listed company specializing in Ethereum treasury management, has amended its securities sales agreement to raise up to $10 million in common stock. This move is intended to bolster ETHZilla’s existing Ethereum holdings and solidify their position as a leader in this growing field. The expanded reserves will drive strategic capital allocation and enhance on-chain yield generation initiatives through initiatives like Electric Capital’s external asset management programs, according to the company’s executive team. ETHZilla has invested heavily in its Ethereum treasury since the completion of a recent PIPE (private investment placement) transaction last week. This is a significant step in realizing ETHZilla’s strategic vision for maximizing shareholder value and contributing to broader cryptocurrency adoption.