by: xpoolPosted on:

ETHZilla Purchases $40M Worth of ETH to Fund Share Buyback Program

Crypto treasury firm ETHZilla recently executed a share buyback program, selling approximately $40 million in Ethereum (ETH) to fund the purchase. This move involved acquiring 600,000 shares at a cost of roughly $12 million. The company aims to reduce outstanding shares, enhance NAV per share, and normalize the discount relative to net asset value, as CEO McAndrew Rudisill explained.

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