ETHZilla Sells $40 Million in Ether for Stock Repurchase Program

ETHZilla sells $40 million in ether for share buybacks, aiming to boost stock value and optimize net asset valuation.

Fridah Kangai
October 29, 2025
1:30 am

Fridah Kangai

Fridah Kangai is a dedicated crypto journalist with a sharp eye for market trends, blockchain innovation, and digital asset movements. She specializes in breaking down complex topics into clear, engaging stories for both seasoned investors and curious newcomers. With a passion for decentralization and a pulse on the ever-evolving crypto space, Fridah delivers timely, accurate, and insightful coverage. Her work bridges the gap between technology and everyday understanding in the world of cryptocurrency.

ETHZilla sells $40M in ether to repurchase shares and boost stock.
Stock buyback program underway after ETHZ sells ether holdings.
ETHZilla continues repurchasing shares as part of strategic growth plan.

ETHZilla, the Ethereum-backed digital asset treasury, has sold approximately $40 million of its ether (ETH) holdings. The company aims to repurchase shares with the proceeds.

Following the sale, ETHZ shares rose by 14.5% and then gained an additional 9%. Its stock is currently trading at a price above $22.50, a fraction of its high point of $ 107.

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Stock Buyback Strategy Approved in August

In August, the board approved a 250 million stock buyback program. On October 24, ETHZilla purchased approximately 600,000 shares at a value of roughly $12 million. The company will still utilize the proceeds from the sale of ethers in further buybacks. This is aimed at aligning the stock price with the company’s net asset value (NAV).

Chairman McAndrew Rudisill said that the company will continue to buy shares. The buybacks will be maintained, provided that the stock is selling at a significant discount to its NAV. This plan will have the adverse effect of shrinking the stock in circulation and raising the NAV of the company.

ETHZilla has approximately 400 million of ether in its balance sheet. In August, the Founders Fund, led by Peter Thiel, acquired a 7.5% stake in the business. This is one of the significant developments the firm is making to maximize shareholder value.

ETHZilla’s Role in Digital Asset Treasuries

The move by ETHZilla to sell ether and repurchase the shares is a trend among digital assets firms. SharpLink Gaming (SBET) has also approved a stock buyback program of $1.5 billion. The trend is becoming prevalent among companies that possess large crypto treasuries.

The relocation of ETHZilla is one of the signs of the changing interaction between the digital asset world and traditional stock markets. Through the sale of ether and its subsequent buyback, ETHZilla consolidates its financial strength.

Such a solution might establish a precedent for other companies that own crypto assets, attempting to strike a balance between the volatility of digital assets and the stability of the equity market.

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