ETHZilla moves into onchain housing finance with 15% Zippy acquisition

cointelegraphPublicado a 2025-12-10Actualizado a 2025-12-10

Resumen

ETHZilla (ETHZ) has acquired a 15% stake in digital housing lender Zippy for $5 million in cash and $16.1 million in stock, marking its second acquisition in a week as part of a broader move into real-world asset (RWA) markets. The partnership aims to integrate Zippy’s loan-origination and AI-powered systems with ETHZilla’s tokenization platform to bring manufactured-home loans onchain. As part of the deal, ETHZilla gains a board seat and a 36-month exclusivity agreement with Zippy. Despite this expansion, ETHZilla’s stock has declined roughly 10% following the announcement, continuing a downward trend seen across several Ether treasury companies amid falling ETH prices.

Former biotech company ETHZilla (ETHZ) is doubling down on its push into real-world asset markets, taking a 15% stake in digital housing lender Zippy to bring manufactured-home loans onchain. The deal marks the company’s second acquisition in a week.

According to Wednesday’s announcement, ETHZilla will pay $5 million in cash and $16.1 million in stock for a 15% stake in Zippy, a US-based lender founded in 2021 that originates manufactured-home loans through a digital platform.

The companies plan to link Zippy’s loan-origination and AI-powered systems with ETHZilla’s tokenization stack for onchain distribution of manufactured-home chattel loans, including potential forward-flow sales to institutional investors.

As part of the transaction, ETHZilla will gain a board seat at Zippy and secure a 36-month exclusivity period requiring Zippy to conduct all blockchain infrastructure, digital asset issuance and tokenization through ETHZilla’s platforms.

ETHZilla, the sixth-largest Ether (ETH) treasury company according to CoinGecko data, said the investment builds on its broader push into real-world asset (RWA) markets.

*Top Ethereum treasury companies. Source:* *CoinGecko*

The announcement comes one week after ETHZilla acquired a 20% fully diluted stake in auto-finance startup Karus for $10 million in cash and stock.

ETHZilla’s stock price was down around 10% at the time of writing, according to Yahoo Finance data.

Related: Ethereum rising to $3.3K proves bottom is in: Is 100% ETH rally next?

Ether treasury stocks face steep declines

Several public companies that adopted Ether as a balance-sheet asset this year have seen sharp share-price reversals as the token price has fallen from its peak, ETHZilla among them.

ETHZilla, formerly 180 Life Sciences Corp, announced its pivot to an Ether treasury company on July 29. Its stock climbed from a $45 open that day to a $107 close by Aug. 13. However, the stock has declined roughly 91% since then, trading around $10 at this writing.

SharpLink Gaming launched an Ethereum treasury strategy in May, alongside a $425 million private placement that included Consensys as an investor and coincided with the nomination of Ethereum co-founder Joseph Lubin as chairman.

The company’s stock climbed more than 130% on the news to $79.21 on May 29, but has since dropped sharply to trade around $11.77 on Wednesday, according to Yahoo Finance data.

Bitmine Immersion, an Ether treasury company led by Fundstrat’s co-founder Tom Lee, has also struggled in recent months. Its stock hit an all-time high of $135 in July, but has since fallen to around $40 at this writing.

In August, Komodo Platform chief technology officer Kadan Stadelmann told Cointelegraph that companies adopting ETH treasury strategies face structural risks, and warned that a downturn in the market could force liquidations and amplify selling pressure on the token.

Ether has fallen since its all-time high of $4,946.05 on Aug. 24 and now trades at $3,365, according to CoinGecko data.

Magazine: Meet the onchain crypto detectives fighting crime better than the cops

Lecturas Relacionadas

Ethereum's Last Major Buyer: How Much Longer Can It Hold On?

The article examines the precarious situation of Bitmine, a major and aggressive institutional buyer of Ethereum (ETH), which is nearing its goal of accumulating 5% of the total ETH supply. Despite holding significant unrealized losses exceeding $10.5 billion due to a high average purchase price, Bitmine continues to buy ETH, recently financing its purchases through a $274 million perpetual preferred stock offering with a 9.5% annual dividend. The analysis highlights several critical pressures on this model. Bitmine relies heavily on ETH staking yields (3-4%) to potentially cover its high dividend obligations. However, if ETH's price remains low or falls further, these yields, paid in ETH, lose dollar value, creating a sustainability gap. The article questions what will support ETH's price once Bitmine completes its 5% target and potentially slows or stops its purchases, as other institutional buyers like ETFs have shown net outflows. The conclusion outlines three scenarios: a pessimistic view where financing dries up and ETH could fall sharply; a base case of continued buying and range-bound prices; and an optimistic outlook driven by new institutional demand and favorable regulation. Ultimately, the piece questions who will become the next major marginal buyer to support ETH's price if Bitmine's "flywheel" of buying slows down.

marsbitHace 52 min(s)

Ethereum's Last Major Buyer: How Much Longer Can It Hold On?

marsbitHace 52 min(s)

Record Institutional Bitcoin Selling Now Exceeds Miner Output By 460%

Institutional selling of Bitcoin has reached a historic high, with net selling by entities like spot ETFs and digital asset treasury companies now equivalent to 464% of the daily mining output, according to analysis by Capriole Investments. This marks a sharp reversal from the accumulation seen during April and May's rally. The record negative "Net Institutional Buying" metric is primarily driven by ETF outflows, while corporate holders continue net buying. Amid this institutional distribution, Bitcoin's price recently dipped below $61,000 before recovering to around $62,300, showing signs of consolidation.

bitcoinistHace 56 min(s)

Record Institutional Bitcoin Selling Now Exceeds Miner Output By 460%

bitcoinistHace 56 min(s)

How Much Longer Can Ethereum's Last Major Buyer Hold On?

"The article analyzes the precarious position of Bitmine, currently the largest and most aggressive marginal buyer of Ethereum (ETH). Despite holding a massive position of approximately 5.66 million ETH (nearing its 5% supply target) and generating staking income, the company faces over $10 billion in unrealized losses due to a high average purchase price. With ETH prices depressed, its equity has plummeted nearly 90%. To sustain its buying spree, Bitmine recently issued $274 million in perpetual preferred shares with a 9.5% annual dividend. The core dilemma is whether staking yields (3-4%) can long-term support these high dividend obligations without significant ETH price appreciation. The article warns that once Bitmine achieves its 5% goal and potentially stops buying, the ETH market risks losing its key support pillar. Other institutional buyers, like ETH ETFs, have shown net outflows, while potential new demand from stablecoin legislation or RWA tokenization remains slow to materialize. The conclusion questions who will provide the next wave of sustained buying pressure to support ETH's price, highlighting a critical uncertainty for the asset's near-term trajectory."

链捕手Hace 59 min(s)

How Much Longer Can Ethereum's Last Major Buyer Hold On?

链捕手Hace 59 min(s)

Raising Interest Rates Is Not a Tech Killer, EPS Is: A Strategy for Discarding the Weak and Retaining the Strong After the AI Theme's Sharp Decline

**Summary: Rising Interest Rates Are Not the Killer of Tech; EPS Is: The "Keep the Strong, Ditch the Weak" Strategy After the AI Theme Plunge** The author argues that the sharp sell-off in tech and AI-related stocks, triggered by a strong US jobs report that heightened Fed rate hike fears, represents a "pullback to pick up passengers" rather than a "car crash." The true end of a tech bull market is not determined by an extra 25 basis point hike, but by industry overcapacity and the disproval of earnings per share (EPS) expectations. Historical analysis shows that during past rate hike cycles, the Nasdaq-100 often outperformed, provided EPS growth remained strong. The current phase is seen as a shift from a "broad narrative-driven rally" to a "focused verification stage" for AI. The investment strategy should be to "keep the strong, ditch the weak." * **Retain exposure** to high-conviction AI infrastructure leaders with clear order visibility, stable margins, strong cash flow, and upward EPS revisions (e.g., AI servers, advanced packaging, optical modules, key cloud suppliers). * **Reduce exposure** to high-beta, narrative-driven stocks with unclear profit paths (e.g., some quantum computing, space, or speculative chip stocks), especially on rebounds. Valuation concerns should focus on whether earnings can catch up to high multiples, not on high P/E alone. Crowded positioning signals a concentration into quality assets, not necessarily a market top. The upcoming Q2 earnings season will be a key validation point. The core principle is to hold stocks with proven EPS, while using macro events (CPI data, central bank meetings) to manage timing and risk.

marsbitHace 1 hora(s)

Raising Interest Rates Is Not a Tech Killer, EPS Is: A Strategy for Discarding the Weak and Retaining the Strong After the AI Theme's Sharp Decline

marsbitHace 1 hora(s)

CLARITY Act Hits New Roadblock As Ethics Agreement Collapses In Senate Talks

The CLARITY Act has encountered a new obstacle as a bipartisan Senate group's agreement on ethics provisions collapsed. Republicans reportedly reversed their position on a key element that would have allowed state attorneys general to sue the Department of Justice for failing to enforce ethics rules related to President Trump. Democrats viewed this as an "about face" from a prior tentative deal. As a counter-proposal, Republicans suggested limiting enforcement authority to the Attorney General and mentioned impeachment as a potential remedy for violations. The impasse leaves the crypto market structure bill's path to a full Senate vote uncertain. Another major hurdle involves law enforcement groups' concerns that the bill could hinder investigations into blockchain-related crimes like money laundering. The White House Crypto Council is scheduled to meet with these groups to address these issues, particularly around the Blockchain Regulatory Certainty Act. Key Democratic senators have stated their support for the CLARITY Act is contingent on adequately addressing both ethics and law enforcement concerns.

bitcoinistHace 2 hora(s)

CLARITY Act Hits New Roadblock As Ethics Agreement Collapses In Senate Talks

bitcoinistHace 2 hora(s)

Trading

Spot

Futuros