ETHZilla Approves $250 Million Stock Repurchase Plan

BlockBeats News, August 25, ETHZilla Corporation (NASDAQ: ETHZ) announced that its Board of Directors has approved a stock repurchase plan with a maximum repurchase amount of $250 million, effective immediately. Additionally, the company disclosed that it currently holds a total of 102,237 ETH, with an average acquisition price of $3,948.72, valued at approximately $489 million. Apart from ETH, ETHZilla also holds approximately $215 million in cash equivalents.