Catenaa, Thursday, October 30, 2025-Ethereum treasury firm ETHZilla has sold about $40 million worth of ether to fund its ongoing $250 million stock repurchase program, the company said Monday.
Shares of ETHZilla (ticker: ETHZ) rose 14.5% and were trading more than 9% higher at press time, reaching $22.50. The stock remains well below its peak of $107 earlier this year, when the firm announced its plan to expand its Ethereum treasury.
The board of directors approved the repurchase plan in August. Since Oct. 24, ETHZilla has bought back roughly 600,000 shares of its common stock for about $12 million, financed through the ether sale.
The firm said it will continue using proceeds from future ether sales to reduce outstanding shares and increase its net asset value per share.
Chairman McAndrew Rudisill said ETHZilla intends to maintain buybacks while the company trades at what it views as a steep discount to its net asset value. The firm currently holds approximately $400 million in ether.
In August, Founders Fund, led by investor Peter Thiel, acquired a 7.5% stake in ETHZilla.
Other crypto treasuries have taken similar steps, with SharpLink Gaming approving a $1.5 billion repurchase program to buy back shares trading below the value of its crypto assets.
