ETHZilla Secures $80 Million OTC Financing to Fuel Stock Buyback Program

Crypto firm ETHZilla has secured a significant financing package of up to $80 million through an agreement with Cumberland DRW. This deal, underpinned by substantial Ethereum (ETH) collateralization, will be used to fund a strategic stock buyback program as part of the company’s broader growth plan. ETHZilla’s commitment to disciplined capital allocation and its confidence in its valuation are reflected in this move.