[ETHZilla Plans to Redeem $516 Million 2028 Convertible Bonds Early to Optimize Capital Structure] Odaily Planet Daily reports that ETHZilla has announced plans to complete the early redemption of $516 million in 2028 convertible bonds by December 30. The redemption price will be 117% of the face value, along with accrued interest. The company will utilize restricted cash held as collateral to support this redemption and has signed relevant agreements with bondholders. ETHZilla stated that this move aims to simplify the capital structure, enhance financial flexibility, and align with its recent business advancements in on-chain asset tokenization, including previously disclosed deployments and investments related to Karus and Zippy. (prnewswire)