ETHZilla, an Ethereum treasury firm, announced a $250 million stock buyback after company shares fell nearly 30% last week. This caused a brief bounce, relieving stock dilution concerns.

Still, this kind of move won’t directly enable the next Ethereum purchase. ETHZilla holds around $489 million in ETH, representing a recent acquisition, but it needs to keep building this stockpile.

ETHZilla’s Ethereum Plan

Ethereum has been doing well lately, reaching an all-time high last Friday, and corporate investment is doing a lot to power the trend. The token is receiving a lot of institutional confidence, and one recent development illustrates this.

Although ETHZilla’s shares tanked after its last Ethereum purchase, it’s preparing to do it again:

“At ETHZilla, we continue to deploy capital to accelerate our Ethereum treasury strategy with discipline and record speed. 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,” claimed McAndrew Rudisill, Executive Chairman.

Specifically, the firm is conducting a $250 million stock buyback to stabilize its valuation. Despite Ethereum’s solid performance, concerns of

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Author: Landon Manning