ETHZilla Approves $250 Million Buyback, Grows Ethereum Holdings to 102,237 ETH


ETHZilla Approves $250 Million Buyback, Grows Ethereum Holdings to 102,237 ETH
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- ETHZilla authorizes a $250 million stock repurchase plan. - ETHZilla increases Ethereum holdings to 102,237 ETH. On August 25, 2025, ETHZilla announced bold moves to cement its position as a leader in Ethereum treasuries, unveiling a $250 million stock buyback plan and increasing its Ethereum reserves to 102,237 ETH. On the same day, The Block reported that the company acquired 7,537 additional ETH for an average price of $3,948.72. These moves aim to enhance its Ethereum holdings and explore new yield-generation opportunities. Following the announcement, ETHZilla’s shares surged more than 8%, building on momentum from billionaire Peter Thiel's recent acquisition of a 7.5% stake in the company. Thiel’s investment is widely regarded as a strong endorsement of ETHZilla’s long-term strategy in the digital asset and Ethereum markets. In a company statement on August 25, ETHZilla’s Executive Chairman McAndrew Rudisill reaffirmed the company’s focus on delivering shareholder value, stating, “The aggressive stock buyback program aligns seamlessly with our broader Ethereum treasury strategy.” He also emphasized the importance of staking the newly acquired ETH, adding that ETHZilla will use Electric Capital’s innovative Electric Asset Protocol to generate sustainable yields as part of its long-term plan. The report from The Block also highlighted ETHZilla’s ongoing commitment to expanding its Ethereum treasury and optimizing its financial framework. These strategic moves underline the firm’s ambition to solidify its status as a key player in Ethereum treasury development and yield maximization. As of August 25 at 21:15 UTC, Ethereum (ETH) was trading at $4,352.57, representing a 9.08% decrease over the past 24 hours. Meanwhile, Ethereum’s 24-hour trading volume had risen by 22.28%, according to the latest market data.
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Market
Published
2025-08-25 21:19
NFT ID
PENDING
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