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Ether Treasury Firm ETHZilla Sold $40M ETH to Fund Share Buyback Amid Discount to NAV
Yahoo Finance·2025-10-28 04:38

Ethereum-focused digital asset treasury firm ETHZilla (ETHZ) on Froday sold about 40millionether(ETH)fromitstreasury,sofarusingsomeofthecashtorepurchasesharesofitsownstock,thecompanysaidonMonday.SincethesaleonOctober24,thefirmboughtbackaround600,000sharesforroughly40 million ether (ETH) from its treasury, so far using some of the cash to repurchase shares of its own stock, the company said on Monday. Since the sale on October 24, the firm bought back around 600,000 shares for roughly 12 million. The repurchases are part of a broader $250 million buyback plan approved by its board. The firm said it plans to continue with repurchases with the remaining cash raised. Furthermore, it in ...