ETHzilla Deploys $100M ETH to EtherFi Restaking
ETHzilla, a Nasdaq-listed treasury backed by Peter Thiel, has deployed $100 million in ETH to EtherFi’s liquid restaking protocol. ETHzilla holds over 102,246 ETH and recently added 20,000 ETH at an average price of $3,949. The firm also maintains $221 million in cash equivalents, supported by a $425 million private placement led by Electric Capital and Polychain Capital. With this move, ETHzilla signals strong institutional demand for Ethereum restaking solutions. EtherFi’s total value locked has surpassed $30 billion, outpacing competitors like Eigenpie. According to EtherFi CEO Mike Silagadze, ETHzilla’s entry marks a new phase of institutional adoption for liquid staking and restaking. Ethereum restaking allows holders to secure the network while retaining liquidity through tradeable receipt tokens and earning enhanced yields. This partnership validates EtherFi’s platform. It is likely to attract further capital and set a precedent for large-scale DeFi collaborations. Traders should watch for increased ETH demand and rising restaking yields as key market drivers.
Bullish
ETHzilla’s $100M allocation to EtherFi underscores robust institutional confidence in liquid restaking. This capital inflow should drive short-term ETH demand as traders and institutions seek higher yields. Over the long term, growing adoption of Ethereum restaking will strengthen network security and expand yield opportunities, supporting sustained price appreciation. The move also validates restaking platforms, likely attracting further investments and reinforcing bullish sentiment in the ETH market.