ETHZilla to deploy about $47 million in ether to Puffer’s liquid restaking protocol
Quick Take ETHZilla has announced plans to deploy $47 million, about 10,600 ETH, to Puffer’s protocol to enhance treasury yields via liquid restaking. The move has followed ETHZilla’s $100 million EtherFi commitment earlier in September.
ETHZilla Corporation (ticker ETHZ) has announced plans to deploy approximately 10,600 ETH, valued at roughly $47 million, to Puffer, a liquid restaking protocol that the company expects will enhance yields on its corporate Ethereum treasury.
ETHZilla said it chose Puffer for its "2 ETH validator bond," a mechanism designed to provide active insurance against validator failures or malicious behavior.
"Deploying to Puffer advances our strategy of generating meaningful cash flow from Ethereum," Chairman and CEO McAndrew Rudisill said, framing the partnership as part of ETHZilla's push to pair institutional risk controls with DeFi-native yield.
Puffer is also building vertically across a liquid restaking token for capital efficiency, a Unifi-based rollup for composability, and a Preconf AVS for high-throughput settlement, according to Thursday's announcement . DefiLlama shows the protocol currently has about $172 million in total value locked.
The Peter Thiel-backed ETHZilla has leaned into restaking as a treasury strategy this month. On Sept. 2, the company said it would deploy $100 million of ETH with EtherFi , another liquid restaking protocol, to generate higher returns while contributing to Ethereum's security.
ETHZilla has also scaled its ether holdings and corporate actions in recent weeks. Earlier this month, the firm named Executive Chairman McAndrew Rudisill as CEO and disclosed 102,246 ETH on its balance sheet, along with cash, bringing its Ethereum treasury to nearly $500 million at the time following a Cumberland financing deal . In August, ETHZilla authorized a $250 million stock repurchase program, and in mid-August, the stock surged after Thiel took a stake.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bolivia’s Digital Currency Bet: Navigating Volatility with Stable Solutions
- Bolivia's government permits banks to custody cryptocurrencies and offer crypto-based services, reversing a 2020 ban to combat inflation and dollar shortages. - Stablecoin transactions surged 530% in 2025, with $14.8B processed as Bolivians use USDT to hedge against boliviano depreciation (22% annual inflation). - State-owned YPFB and automakers like Toyota now accept crypto payments, while Banco Bisa launches stablecoin custody to expand financial inclusion for unbanked populations. - The policy faces c
Switzerland's Postponement of Crypto Tax Highlights Worldwide Regulatory Stalemate
- Switzerland delays crypto tax data sharing until 2027 due to ongoing political negotiations over OECD CARF partner jurisdictions. - Revised rules require crypto providers to register and report client data by 2026, but cross-border data exchange remains inactive until 2027. - Global alignment challenges exclude major economies like the U.S., China, and Saudi Arabia from initial data-sharing agreements. - Domestic legal framework passed in 2025, but partner jurisdiction negotiations delay implementation u
Visa and AquaNow Upgrade Payment Infrastructure through Stablecoin Integration
- Visa partners with AquaNow to expand stablecoin settlement in CEMEA via USDC , aiming to cut costs and settlement times. - The initiative builds on a $2.5B annualized pilot program, leveraging stablecoins to modernize payment infrastructure. - Visa's multicoin strategy aligns with industry trends, as regulators and competitors like Mastercard also explore stablecoin integration. - Regulatory progress in Canada and risks like volatility highlight evolving opportunities and challenges in digital asset adop
Bitcoin Updates: Large Holder Liquidations and Retail Investor Anxiety Lead to a Delicate Equilibrium in the Crypto Market
- A long-dormant crypto whale sold 200 BTC after a 3-year hibernation, intensifying market scrutiny over investor sentiment and liquidity shifts. - Bitcoin struggles above $92,000 amid weak technical indicators, mixed ETF flows ($74M inflow for BTC vs. $37M ETH outflow), and diverging institutional/retail behaviors. - Whale activity highlights fragile market balance: large holders accumulate BTC while retail investors liquidate, with over $557M in BTC moved from Coinbase to unknown wallets. - Technical bea
Trending news
MoreCrypto prices
More
