Ethzilla (Ethz) He has authorized a shares of $ 250 million shares since the company doubles into its treasure strategy centered on Ether, the firm said in a press release on Monday.
The Florida headquarters said that its Board approved the repurchase immediately immediately, and the program will run until June 30, 2026, or until the complete allocation of $ 250 million is exhausted.
Together with the move, the company that lies in Nasdaq revealed that it now has 102,237 ETH, acquired at an average price of $ 3,948.72.
In the current market valuations, the stash is worth approximately $ 489 million. The company also reported that it has approximately $ 215 million in cash equivalents in US dollars.
“As we continue to climb our ETH reserves and seek differentiated performance opportunities, we believe that an aggressive share of shares at the current price of the shares underlines our commitment to maximize the value for shareholders,” said McAndrew Rudisill, executive president of Ethzilla, in the statement.
Ethzilla also introduced his patented electric asset protocol, which he says will be used to generate greater yields in his cryptography holdings.
As of August 24, 2025, the company reported 102,237 ETH valued at around $ 489 million, $ 215 million in cash equivalents and 165,478,655 actions in circulation, as of August 22.
The repurchase adds another layer to Ethzilla’s strategy to aggressively build Ether reserves while taking advantage of new performance protocols to strengthen yields.
Ethzilla’s shares fell almost 30% on Friday after the company revealed that shareholders presented that offering up to 74.8 million convertible shares. The action was quoting 4.5% lower, around $ 3.15, at the time of publication.
Read more: Ethzilla’s shares are submerged almost 30% since the dilution fears the Treter of Ether $ 349 million
