ETHZilla has sold approximately $40 million worth of ETH for stock buybacks
According to a report by Jinse Finance, a certain exchange company (Nasdaq: ETHZ) announced that it has sold approximately $40 million worth of Ethereum (ETH) for stock buybacks. Since the sale was executed on October 24, the company has repurchased about 600,000 shares of common stock for approximately $12 million and plans to continue using the remaining funds for further stock buybacks. The company still holds about $400 million in ETH for future strategic planning.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
ZetaChain announces compliance with EU MiCAR requirements and recognition by the Dubai Financial Services Authority
Ethereum financial firm ETHZilla sells $40 million worth of ETH to advance $250 million stock buyback plan
Bitwise Solana Staking ETF to be listed on the New York Stock Exchange on Tuesday
