ETHZilla authorizes $250 million stock repurchase program

ETHZilla Corporation (NASDAQ: ETHZ) announced its board of directors authorized a stock repurchase program of up to $250 million of outstanding common stock, effective immediately, according to a company statement.

The company reported holding 102,237 Ether tokens at an average acquisition price of $3,948.72, valued at approximately $489 million. ETHZilla also maintains approximately $215 million in USD 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.

The repurchase program expires on June 30, 2026, when $250 million of common stock has been repurchased, or when the board discontinues the program, whichever occurs first. Shares may be repurchased through open market transactions or negotiated deals at prevailing market rates.

ETHZilla has 165,478,655 shares outstanding as of August 22, 2025. The company acquired 7,600 ETH tokens in the week ending August 24, 2025, following previous acquisitions of 82,200 ETH and 12,500 ETH in prior weeks.

The company plans to stake recently purchased ETH to Electric Capital's proprietary Electric Asset Protocol to generate yield. ETHZilla funded recent ETH purchases through at-the-market share offerings, issuing 3.3 million shares for $20.9 million in net proceeds during the week ending August 24.

The stock repurchase program will be funded using working capital and funds from at-the-market offerings or future financings. Management retains discretion over timing and pricing of repurchases based on market conditions and alternative investment opportunities.

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