ETHZilla announces authorization of $250 million stock repurchase program

Core Points - ETHZilla Corporation has authorized a stock repurchase program of up to $250 million of its outstanding shares, effective immediately [1][6] - The company holds a total of 102,237 Ether (ETH) at an average acquisition price of $3,948.72, valued at approximately $489 million [1][7] - In addition to ETH, ETHZilla has approximately $215 million in USD cash equivalents [1][7] Company Strategy - The company is focused on deploying capital to accelerate its Ethereum treasury strategy and aims to maximize shareholder value through the stock repurchase program [2] - ETHZilla's treasury strategy includes a partnership with Electric Capital to pursue differentiated yield generation opportunities that aim to outperform traditional ETH staking [12] - The company is evolving from a biotechnology focus to include software-enabled gaming and entertainment, while continuing to develop its ETH treasury strategy [13] Financial Metrics - As of August 24, 2025, ETHZilla's total ETH and ETH equivalents held is 102,237, valued at approximately $489 million [7] - The company has issued 3.3 million shares through at-the-market offerings, raising net proceeds of approximately $20.9 million [4] - The average purchase price of ETH has increased from $3,807 to $3,949 over the past few weeks [4]