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Company has accumulated 102,246 ETH at an average acquisition price of $3,948.72, valued at approximately $443 million
McAndrew Rudisill appointed as Chief Executive Officer, will continue to serve as Chairman
Provides update on previously announced stock repurchase program
PALM BEACH, Fla., Sept. 8, 2025 /PRNewswire/ -- ETHZilla Corporation (NASDAQ:ETHZ), (the "Company" or "ETHZilla"), today announced it now has total holdings of 102,246 Ether ("ETH") at an average acquisition price of $3,948.72, which is now valued at approximately $443 million. In addition to the ETH, ETHZilla holds approximately $213 million in USD cash equivalents.
Update on Stock Repurchase Program
ETHZilla announced that it has entered into an over-the counter ("OTC") transaction with Cumberland DRW to obtain up to $80 million, collateralized by a portion of the Company's holdings of ETH. The Company expects to use the net proceeds from this transaction to fund repurchases of common stock under the Company's previously announced $250 million stock repurchase program.
The Company has repurchased approximately 2.2 million shares at an average price of $2.50, reducing shares outstanding by 1.3%.
Posted In: ETHZ
