Ethzilla’s $10 Billion Stock Offering: Lack of Evidence Raises Concerns

Reports claiming Ethzilla is preparing to raise $10 billion for Ethereum purchases have surfaced, but there’s no official confirmation. As of August 23, 2025, sources remain silent on the validity of these claims. This uncertainty has fueled market speculation about Ethzilla’s strategy. Despite these unverified reports, the company is known to prefer a risk-managed approach with non-leveraged ETH acquisition for growth. Ethzilla’s Chair, McAndrew Rudisill, has previously stated their preference for avoiding excessive leverage during market cycles like Ethereum price fluctuations.