ETHZilla to Implement 1-for-10 Reverse Stock Split, Aiming for Institutional Investment

ETHZilla Corp is undertaking a reverse stock split of its common stock (ETHZ), aiming to boost share prices and attract institutional investors. The company’s SEC filing details this change, which will reduce the number of outstanding shares from 160 million to 16 million. This decision was approved by the company’s Board of Directors, with a 1-for-10 ratio set for the stock split. This move is expected to increase investor interest in the company without directly impacting Ethereum or broader cryptocurrency markets.