Particle.news

Download on the App Store

ETHZilla Approves $250 Million Buyback, Discloses 102,237 ETH on Balance Sheet

The Nasdaq-listed firm pivots to an Ether-focused treasury to bolster shareholder value through buybacks.

Overview

  • The repurchase program is effective immediately and may run through June 30, 2026, with no obligation to buy a set number of shares.
  • ETHZilla holds 102,237 ETH at an average acquisition cost of $3,948.72 and approximately $215 million in cash equivalents.
  • Newly acquired ETH will be staked using Electric Capital’s Electric Asset Protocol to generate yield.
  • The company can repurchase shares on the open market, through negotiated transactions, or under Rule 10b5-1 plans, funded by working capital and potential at-the-market offerings.
  • Shares have been volatile after an SEC filing for up to 74.8 million convertible shares raised dilution concerns, following the firm’s rebrand from 180 Life Sciences and steady ETH accumulation reported through August.