ETHZilla Corporation announces the authorization of a $250 million stock repurchase program.
The company currently holds 102,237 Ether at an average acquisition price of $3,948.72, valued at approximately $489 million.
ETHZilla introduces its proprietary Electric Asset Protocol to enhance yield generation opportunities.
Stock Repurchase Program Authorization
ETHZilla's Board of Directors authorized a repurchase program of up to $250 million to maximize shareholder value.
ETH Holdings
ETHZilla holds 102,237 Ether with an average acquisition price of $3,948.72, now valued at approximately $489 million.
USD Cash Equivalents
Besides Ether, ETHZilla also holds about $215 million in USD cash equivalents.
Long-Term Strategy
Recently purchased Ether will be staked to Electric Capital's Electric Asset Protocol for long-term yield generation.
- The implementation of a stock repurchase program signals ETHZilla's commitment to enhancing shareholder value.
- Introduction of the Electric Asset Protocol shows ETHZilla's focus on maximizing yield opportunities beyond traditional staking methods.
ETHZilla's strategic moves with the stock repurchase program and the Electric Asset Protocol showcase its dedication to optimizing treasury management and pursuing innovative yield generation strategies.