ETHZilla Authorizes $250M Buyback, Expands Ether Treasury to $489M

ETHZilla (ETHZ) has authorized a $250 million stock repurchase program as the company doubles down on its ether-focused treasury strategy, the firm said in a press release ￰0￱ Florida-based firm said its board approved the buyback effective immediately, with the program set to run until June 30, 2026, or until the full $250 million allocation is ￰1￱ the move, The Nasdaq-listed company disclosed that it now holds 102,237 ETH, acquired at an average price of $3,948.72. At current market valuations, the stash is worth approximately $489 ￰2￱ company also reported holding roughly $215 million in ￰3￱ cash equivalents. “As we continue to scale our ETH reserves and pursue differentiated yield opportunities, we believe an aggressive stock repurchase program at the current stock price underscores our commitment to maximizing value for shareholders,” said McAndrew Rudisill, executive chairman of ETHZilla, in the ￰4￱ also introduced its proprietary Electric Asset Protocol, which it says will be used to generate higher yields on its crypto ￰5￱ of August 24, 2025, the company reported 102,237 ETH valued at about $489 million, $215 million in cash equivalents, and 165,478,655 shares outstanding, as of August ￰6￱ buyback adds another layer to ETHZilla’s strategy of aggressively building ether reserves while leveraging new yield protocols to bolster ￰7￱ shares tumbled nearly 30% on Friday after the company disclosed that shareholders filed to offer up to 74.8 million convertible ￰8￱ stock was was trading 4.5% lower, around $3.15, at publication ￰9￱ more: ETHZilla Shares Plunge Almost 30% as Dilution Fears Overshadow $349M Ether Treasury