ETHZilla's Strategic Treasury Move
ETHZilla Corporation (Nasdaq: ETHZ), a technology firm bridging traditional finance and decentralized finance (DeFi), has announced the sale of approximately $40 million worth of its ETH treasury holdings. The proceeds are earmarked for share repurchases under its existing $250 million stock buyback program.
Share Repurchase Details
Since executing the sale on October 24, 2025, the company has repurchased around 600,000 shares for about $12 million. ETHZilla plans to continue using the remaining funds from the ETH sale for additional repurchases and intends to keep selling ETH to buy back shares until the discount to Net Asset Value (NAV) is normalized.
CEO's Statement
McAndrew Rudisill, Chairman and CEO of ETHZilla, stated, "We are leveraging the strength of our balance sheet, including reducing our ETH holdings, to execute share repurchases. We expect these repurchases to be immediately accretive, using cash raised through the sale of our ETH, while our common shares trade at a significant discount to NAV. By opportunistically repurchasing shares while our stock is trading below NAV, we plan to reduce the number of shares available for stock loan/borrow activity, while increasing the NAV per share of the Company."
Remaining ETH Holdings
ETHZilla continues to hold approximately $400 million of ETH on its balance sheet to support future strategic initiatives.
About ETHZilla
ETHZilla Corporation operates in the DeFi industry, focusing on connecting financial institutions, businesses, and organizations worldwide through secure, accessible blockchain transactions via Ethereum Network protocol implementations. The company generates recurring revenues through various DeFi protocols that enhance Ethereum network integrity and security. ETHZilla aims to bring traditional assets on-chain via tokenization and offers services including DeFi protocol integration, blockchain analytics, and traditional-to-digital asset conversion gateways.
Forward-Looking Statements
This press release contains forward-looking statements regarding the benefits of the stock repurchase program, digital asset treasury strategy, and future performance. These statements are subject to risks and uncertainties, such as fluctuations in ETH prices, regulatory changes, and market conditions. Investors are advised to review the company's SEC filings for detailed risk factors.
Media and Investor Contact
John Kristoff, SVP of Corporate Communications and IR, can be reached at IR@ethzilla.com.
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