ETHZilla Approves $250 Million Stock Buyback and Expands Ether Holdings

Overview

ETHZilla (ETHZ) has launched a sizable $250 million stock repurchase program as part of its commitment to enhance its ether-focused treasury strategy, as disclosed in a recent press release.

Key Details

The Florida-based firm’s board has approved the buyback, which is effective immediately, and is scheduled to last until June 30, 2026, or until the allocated funds are fully utilized.
Currently, ETHZilla holds 102,237 ether, valued at approx. $489 million, acquired at an average price of $3,948.72.
The company has indicated it also holds around $215 million in cash equivalents.

“As we continue to scale our ETH reserves and pursue differentiated yield opportunities, we believe an aggressive stock repurchase program at the current stock price underscores our commitment to maximizing value for shareholders,” said McAndrew Rudisill, executive chairman of ETHZilla.

Additionally, ETHZilla has introduced its proprietary Electric Asset Protocol, aimed at generating higher yields from its holdings.

As of August 24, 2025, the company boasts 165,478,655 shares outstanding as of August 22. The stock price saw a decline of nearly 30% recently, after announcing shareholders offered up to 74.8 million convertible shares.