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ETHZilla (ETHZ) has authorized a $250 cardinal banal repurchase programme arsenic the institution doubles down connected its ether-focused treasury strategy, the steadfast said successful a press release Monday.
The Florida-based steadfast said its committee approved the buyback effectual immediately, with the programme acceptable to tally until June 30, 2026, oregon until the afloat $250 cardinal allocation is exhausted.
Alongside the move, The Nasdaq-listed institution disclosed that it present holds 102,237 ETH, acquired astatine an mean terms of $3,948.72.
At existent marketplace valuations, the stash is worthy astir $489 million. The institution besides reported holding astir $215 cardinal successful U.S. dollar currency equivalents.
“As we proceed to standard our ETH reserves and prosecute differentiated output opportunities, we judge an assertive banal repurchase programme astatine the existent banal terms underscores our committedness to maximizing worth for shareholders,” said McAndrew Rudisill, enforcement president of ETHZilla, successful the release.
ETHZilla besides introduced its proprietary Electric Asset Protocol, which it says volition beryllium utilized to make higher yields connected its crypto holdings.
As of August 24, 2025, the institution reported 102,237 ETH valued astatine astir $489 million, $215 cardinal successful currency equivalents, and 165,478,655 shares outstanding, arsenic of August 22.
The buyback adds different furniture to ETHZilla’s strategy of aggressively gathering ether reserves portion leveraging caller output protocols to bolster returns.
ETHZilla shares tumbled astir 30% connected Friday aft the institution disclosed that shareholders filed to connection up to 74.8 cardinal convertible shares. The banal was was trading 4.5% lower, astir $3.15, astatine work time.
Read more: ETHZilla Shares Plunge Almost 30% arsenic Dilution Fears Overshadow $349M Ether Treasury
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