Ethereum treasury company ETHZilla announced an agreement with institutional-grade digital lending platform Zippy to acquire a 15% stake in the company for a total of approximately $21.1 million, including $5 million in cash, common shares worth $14 million paid to Zippy, and common shares worth $2.1 million issued to specific Zippy shareholders. It is reported that Zippy will help ETHZilla build an institutional-grade credit infrastructure layer to support its exploration of the mortgage market.
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ETHZilla acquires 15% stake in digital lending platform Zippy for $21.1 million.
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