ETHZilla Approves $250 Million Stock Buyback and Ether Treasury Expansion

ETHZilla (ETHZ) has initiated a $250 million stock repurchase program to enhance its ether-focused treasury strategy. Key points include:

The buyback is effective immediately and will continue until June 30, 2026, or until the allocation is fully utilized.
ETHZilla holds 102,237 ETH, valued at approximately $489 million, acquired at an average price of $3,948.72.
The firm also possesses around $215 million in U.S. dollar cash equivalents.
The executive chairman stated that the buyback reflects a commitment to maximizing shareholder value.
ETHZilla launched its Electric Asset Protocol to increase yields on crypto holdings.
Shares dropped nearly 30% after news of shareholders offering up to 74.8 million convertible shares.

As of August 24, 2025, ETHZilla reported 165,478,655 shares outstanding.