ETHZilla renamed to Forum, shifting focus to RWA tokenized assets
PANews reported on February 26, citing The Block, that the stock price of a certain exchange surged over 13% to around $3.91 on Tuesday, as the company officially rebranded as Forum, further shifting from a single ETH holding strategy to cash flow-oriented tokenized assets. According to the information, the exchange had previously reduced its ETH holdings multiple times: in October last year, it sold about $40 million worth of ETH to buy back shares, and in December, it sold another 24,291 ETH (approximately $74.5 million) to redeem convertible bonds. This month, the company acquired a portfolio of 95 manufactured and modular home loans for about $4.7 million, with plans to tokenize them on Ethereum Layer 2, targeting an annualized yield of over 10%. It also purchased two CFM56-7B24 aircraft engines for tokenization via Liquidity.io. Management stated that the company's future value will be increasingly driven by revenue and cash flow from its RWA tokenization platform. The company currently still holds about 69,802 ETH, equivalent to approximately $145 million.
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.
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