According to TechFlame, according to official sources, Ethereum treasury company EthZilla will officially implement the 10-in-1 merger plan at 00:01 EST on October 20, 2025, and trading of the adjusted shares will begin when the market opens on the same day. Once the merger is completed, every 10 ETHZ shares will be consolidated into 1 share. The total number of shares outstanding will be reduced from approximately 160 million to 16 million shares, but the stock code (ETHZ) and net asset value fundamentals remain unchanged. Officials said that as an important step to expand the participation of institutional investors, the merger aims to break the $10 threshold, thereby meeting institutional investors' entry requirements for qualified collateral and margin transactions. Many large funds have minimum share price entry restrictions regardless of market capitalization or enterprise size.