ETHZilla Approves $250M Stock Buyback Amid $704M Treasury
ETHZilla unveils $250M buyback plan, with a $704M treasury including 102,237 ETH and $215M in cash.
- ETHZilla approves a massive $250M stock buyback plan
- The company holds 102,237 ETH worth $489M
- Cash reserves stand at $215M, strengthening its treasury
In a bold move to boost shareholder confidence, Ethereum-focused treasury firm ETHZilla has announced a substantial $250 million stock buyback program. The announcement follows a public disclosure of its massive on-chain and off-chain reserves, showcasing strong financial health and a long-term commitment to its investors.
The buyback program is expected to begin immediately, signaling the company’s belief that its current market valuation doesn’t reflect its true asset value. Such a move often indicates that a company believes its stock is undervalued — and ETHZilla clearly wants to make that point with a quarter-billion-dollar statement.
Ethereum Holdings Reach 102,237 ETH
ETHZilla has revealed that it currently holds 102,237 ETH, valued at approximately $489 million at today’s market rates. This stash positions the company as one of the largest Ethereum treasuries in the space, highlighting its deep-rooted belief in the long-term potential of the Ethereum ecosystem.
The transparency of ETHZilla’s holdings, which are verifiable on-chain, sends a clear message to investors: the company isn’t just making empty promises — it has the assets to back up its ambitions.
$215M in Cash Equivalents Adds Stability
Alongside its Ethereum holdings, ETHZilla also holds $215 million in cash and equivalents, providing liquidity and flexibility to navigate volatile markets or take advantage of strategic opportunities.
With a combined treasury of $704 million, ETHZilla’s financial footing is exceptionally strong. The mix of digital and traditional assets also reflects a balanced treasury management strategy, giving the company the ability to operate in both crypto-native and traditional financial spaces.
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