According to reports, ETHZilla, a firm backed by Peter Thiel, has sold $74.5 million worth of ETH. This move is reportedly to pay off debt as the company shifts away from its DAT strategy. The development highlights the challenges smaller ETH treasury firms face, with lower ether prices and debt obligations limiting their ability to accumulate more ETH, according to the report.

According to reports, ETHZilla, a firm backed by Peter Thiel, has sold $74.5 million worth of ETH. This move is reportedly to pay off debt as the company shifts away from its DAT strategy. The development highlights the challenges smaller ETH treasury firms face, with lower ether prices and debt obligations limiting their ability to accumulate more ETH, according to the report.