ETHZilla Shares Plunge Almost 30% as Dilution Fears Overshadow $349M Ether Treasury

The shares of ETHZilla have experienced a significant decline, plummeting by nearly 30%, primarily driven by heightened concerns over potential dilution. This sharp drop comes despite the company holding a substantial Ether treasury valued at $349 million, which had previously been perceived as a strong asset. The prevailing fears surrounding dilution appear to overshadow what could otherwise be seen as a positive financial position for the organization, leading to increased volatility and uncertainty among investors. source: https://www.coindesk.com/markets/2025/08/22/ethzilla-shares-plunge-36-as-dilution-fears-overshadow-usd349m-ether-treasury