ETHZilla stock fell 8.7% on Monday, Dec. 22, following the sale of $74.5 million worth of Ethereum to repay debts. The company’s stock is down 94% since its peak in August. ETHZilla is pivoting to a more diverse business model due to pressure on its digital asset treasury strategy. Analysts see a retreat from the DAT model. The company is evaluating various capital-raising strategies, including ETH sales and equity offerings. The stock price has been weak due to bearish market conditions.ETHZilla tumbled 8.7% to $6.30 after the announcement, reflecting a 94% drop since its all-time high in August. The company’s move to sell ETH to repay debts raises questions about the sustainability of the DAT model in times of volatility. Companies like ETHZilla face challenges in pursuing DAT strategies.

Read more at Yahoo Finance: ETHZilla Stock Sinks After $74.5M Crypto Sale Signaled DAT Retreat