Ethzilla (Ethz) Authorized a share repurchase program of $ 250 million while the company doubles its ether cash strategy, the firm announced on a press release on Monday.
The company based in Florida said that its board of directors had approved the redemption to count immediately, the program should run until June 30, 2026, or until the complete allowance of $ 250 million is exhausted.
In addition to this decision, the company listed at NASDAQ revealed that it now has 102,237 ETH, acquired at an average price of $ 3,948.72.
Current market assessments, hiding place is about $ 489 million. The company also said he had about $ 215 million in cash equivalents in US dollars.
“While we continue to evolve our ETH reservations and to pursue differentiated return opportunities, we believe that an aggressive stock buyout program during the current course of the current course underlines our commitment to maximize the value of shareholders,” said Mcandrew Rudisill, Executive President of Ethzilla, in the press release.
Ethzilla has also introduced its owner’s electric property protocol, which, according to him, will be used to generate higher yields on its cryptographic participations.
As of August 24, 2025, the company declared 102,237 ETH estimated at approximately $ 489 million, $ 215 million in cash and 165,478,655 shares in circulation, on August 22.
The redemption adds another layer to Ethzilla’s strategy to aggressively build ether reserves while taking advantage of new yield protocols to strengthen yields.
Ethzilla shares fell almost 30% on Friday after the company revealed that shareholders have applied for a supply of 74.8 million convertible shares. The action was negotiated at 4.5% down, or about $ 3.15, at the time of publication.
Find out more: Ethzilla shares plunge almost 30% while dilution fears that the Treasury of $ 349 million in dilution is $ 349 million
