BREAKING: Surprise Development – Company Holding Ethereum Announces It Will Sell Large Amounts of ETH

ETHZilla Corporation a technology company that combines traditional finance and decentralized finance announced that it has completed the sale of approximately $40 million worth of ETH and that the proceeds will be used for share ￰0￱ the sale on October 24 2025

the company repurchased approximately 600,000 shares for $12 million under a $250 million share repurchase program approved by the current board of ￰1￱ plans to use the remaining funds for additional share repurchases and continue selling ETH until the discount to net asset value (NAV) per share returns to normal ￰2￱ News: Watch Out: Insider Sources Claim Spot ETFs Will Be Launched for the First Time in Three Altcoins This Week ETHZilla CEO McAndrew Rudisill made the following statement on the matter: “We are leveraging our balance sheet strength to reduce our ETH holdings and fund share ￰3￱ anticipate this step will directly enhance company value in the current environment where our shares are trading below ￰4￱ the same time

these buybacks will increase the company's NAV per share while reducing the number of shares available for equity lending/debt activities.” It has been reported that the company currently has approximately $400 million worth of ETH on its balance sheet and these assets will be used for future strategic initiatives. *This is not investment ￰5￱ Reading: BREAKING: Surprise Development – Company Holding Ethereum Announces It Will Sell Large Amounts of ETH