The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of ETHZilla Corporation (“ETHZilla” or “the Company”) (NASDAQ: ETHZ) for violations of the securities laws.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. ETHZilla admitted on December 19, 2025, that it had sold about 24,291 Ether (ETH) for a total of $74.5 million. According to the Company, it expects to use at least a significant portion of this funding to pay off outstanding senior secured convertible notes. The Company added it "plans to continue to evaluate various capital raising strategies including ETH sales and equity offerings, as it seeks to complete its business plans, including the tokenization of real world assets." Then, on December 22, 2025, the Company stated "in the future, the Company believes its value will be driven by revenue and cash flow growth from our RWA tokenization business." Based on this news, shares of ETHZilla fell by 8.7% on the same day.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at bschall@schallfirm.com.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

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