ETHZilla stock jumps 13% to $3.91 on Forum rebrand and tokenized loan strategy

Shares of ETHZilla rose more than 13% to around $3.91 on Tuesday as the company rebrands to Forum and pivots from pure ether accumulation. The firm sold about $40 million in ETH in October and 24,291 ETH worth roughly $74.5 million in December to fund buybacks and retire debt. It is now targeting double-digit yields from tokenized home loans and other real-world assets.