A New Player in the Housing Loan Game

ETHZilla, a company that once focused on biotech, is now diving into the world of real estate. They've just bought a big chunk of Zippy, a lender that deals with manufactured home loans. This is their second big move in just a week. They're paying a mix of cash and stock for a 15% share in Zippy. The plan is to use Zippy's tech and ETHZilla's own systems to bring these loans onto the blockchain. This means they can sell these loans to big investors. ETHZilla is getting a seat on Zippy's board and an exclusive deal for the next three years. This means Zippy has to use ETHZilla's platforms for all their blockchain and tokenization needs. ETHZilla is known for holding a lot of Ether, the cryptocurrency used on the Ethereum network. This investment is part of their bigger plan to get into real-world assets. But it's not all good news for ETHZilla. Their stock has been going down. They changed their focus to holding Ether, and their stock shot up at first. But now, it's down by a lot. They're not the only ones facing this problem. Other companies that hold Ether have seen their stocks drop too. This is because the price of Ether has been falling since its peak. Some experts warn that companies holding Ether face risks. If the market goes down, these companies might have to sell their Ether, which could push the price down even more. Ether's price has indeed fallen from its high. This makes the future of these companies a bit uncertain.