ETHZilla announced the repurchase of approximately 6.0 million shares this month at an average price of $2.50 per share.
The company now holds 102,255 Ether (ETH) & ETH Equivalents valued at approximately $460 million, along with $228 million in USD cash equivalents.
Updates on the stock repurchase program and deployment of ETH into Layer 2 protocols were highlighted.
Stock Repurchase Program
ETHZilla repurchased a total of 6.0 million shares in September at an average price of $2.50 per share, reducing shares outstanding by 2.3%.
ETH Holdings
The company now holds 102,255 Ether (ETH) & ETH Equivalents valued at approximately $460 million.
Update on Deployment
ETHZilla is actively deploying ETH into Layer 2 Ethereum protocols to generate meaningful yield and increase NAV.
- ETHZilla emphasizes the strategic deployment of capital to support diverse protocols driving innovation and long-term network growth.
- The focus on generating compounded growth through staking protocols highlights the company's commitment to creating value for shareholders through sustainable practices.
ETHZilla's initiatives showcase a deliberate approach towards maximizing the value of its ETH holdings and creating sustainable growth through innovative protocol implementations and DeFi activities.