Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
ETHZilla to deploy about $47 million in ether to Puffer’s liquid restaking protocol

ETHZilla to deploy about $47 million in ether to Puffer’s liquid restaking protocol

The BlockThe Block2025/09/24 16:00
By:By Naga Avan-Nomayo

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 to deploy about $47 million in ether to Puffer’s liquid restaking protocol image 0

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.


0
0

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.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Striking baristas win $38.9 million in compensation, yet contract disputes continue

- Starbucks settles NYC Fair Workweek Law violations for $38.9M, including $35.5M restitution to 15,000+ workers. - Striking baristas demand collective bargaining amid ongoing labor disputes and unionization efforts at 550 stores. - Mayor-elect Mamdani and Sen. Sanders join protests, framing demands as moral issues against corporate resistance. - Settlement addresses 500,000 scheduling violations since 2021, with workers receiving $50/week compensation. - Starbucks defends labor law complexity but faces cr

Bitget-RWA2025/12/02 13:44
Striking baristas win $38.9 million in compensation, yet contract disputes continue

Alphabet's AI-driven ecosystem accelerates flywheel momentum, driving shares up by 68% in 2025

- Alphabet's stock surged 68% in 2025, outperforming peers like Microsoft and Nvidia , driven by strong AI monetization and cloud growth. - Analysts raised price targets to $375-$335, citing Google Cloud's $15.2B Q3 revenue (34% YoY) and $155B cloud backlog growth. - The company's AI ecosystem spans Search, YouTube, and Workspace, generating premium subscriptions and ad yield through Gemini's 650M MAUs. - Projected cloud revenue could exceed estimates by $40B, but risks include regulatory scrutiny and comp

Bitget-RWA2025/12/02 13:44
Alphabet's AI-driven ecosystem accelerates flywheel momentum, driving shares up by 68% in 2025

XRP News Today: Vanguard Changes Position on Crypto ETFs, Pointing to Market Maturity and Increased Demand

- Vanguard Group will enable crypto ETF trading on its platform from December 2, 2025, reversing years of opposition to digital assets. - The firm supports Bitcoin , Ethereum , XRP , and Solana ETFs but excludes memecoins, treating crypto as non-core assets like gold . - Market maturation, $25B+ ETF inflows, and regulatory compliance drive the shift, positioning Vanguard as the last major U.S. broker to adopt crypto ETFs. - The move reflects growing institutional confidence in regulated crypto structures a

Bitget-RWA2025/12/02 13:44
© 2025 Bitget