ETHZilla: Ethereum Treasury Strategy | McAndrew Rudisill & Avichal Garg

In this episode of Bankless, Ryan Sean Adams interviews Avichal Garg and Mac Roussadel of ETHZilla, an ETH treasury company, about their strategy for accumulating ETH and their views on ETH as an institutional-grade asset. They discuss how ETHZilla aims to compete with other ETH treasury companies like Tom Lee's, highlighting their unique approach to generating higher yields through partnerships with Electric Capital and DeFi founders. The conversation explores why investors like Peter Thiel choose ETH treasury companies over ETFs or direct ETH purchases, emphasizing the benefits of cash flow generation and DeFi exposure. They delve into the capital markets dynamics driving the rise of treasury companies, comparing ETHZilla's strategy to MicroStrategy's and examining the role of debt and convertible notes. The guests also address the risks associated with leverage and the potential for ETH treasury companies to tap into new capital pools, while also discussing the regulatory clarity surrounding ETH and its potential as a store of value alongside Bitcoin.