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ETHZilla Sells $40 Million in ETH for Stock Buyback!
ETHZilla sells $40 million worth of ETH for share buybacks. CEO McAndrew Rudisill emphasizes the strategic use of the balance sheet.
ETHZilla Sells $40 Million in ETH for Stock Buyback!
ETHZilla, a company active in the Ethereum space, announced the sale of $40 million worth of Ethereum on October 24, 2025. This step serves to initiate a share buyback to strengthen the company and provide added value to shareholders. Loud FXStreet ETHZilla has already repurchased 600,000 shares for a total of $12 million as part of a $250 million buyback program approved by shareholders in August.
ETHZilla CEO McAndrew Rudisill explained that the company is optimizing its balance sheet and reducing ETH holdings to fund share buybacks. The buybacks are intended to bring immediate benefits and are financed by the liquid assets generated from the ETH sale. In recent months, ETHZilla's net asset value (NAV) has fallen below its market capitalization, sparking concern among investors.
Investor reactions
Investor Dimitry “Capybara Stocks” Seminikhin has urged ETHZilla to continue selling Ethereum to support buybacks as there is currently a significant discount to NAV. Seminikhin has already purchased shares in ETHZilla and believes that the sale of ETH would be positively received by investors.
Following the announcement of the ETH sale, ETHZilla's share price rose a remarkable 14 percent on Monday. In contrast, the price of Ethereum has decreased by 2.5 percent in the last 24 hours. ETHZilla currently holds approximately $400 million in Ethereum, making it the fifth largest listed Ethereum treasury.
Competition in the Ethereum market
While ETHZilla is reducing its holdings, BitMine Immersion (BMNR) has also recently made a name for itself. The company acquired over 77,000 ETH, bringing its total holdings to 3.31 million ETH. This amount is equivalent to approximately $13.3 billion. This race for Ethereum holdings shows the growing importance of cryptocurrencies and their influence on the capital market.
As market conditions continue to evolve, it remains to be seen how well ETHZilla will be able to increase repurchases and the value of its shares over the long term.