Ethereum Updates: ETHZilla Utilizes ETH Proceeds for Buybacks Amid Ongoing Crypto Community Discussion on Price Versus Value Risks
- ETHZilla sold $40M in ETH to fund buybacks, aiming to reduce its 30% stock-NETV discount by repurchasing undervalued shares. - Shareholder pressure from activist investor Semenikhin drove the strategy, aligning with industry trends seen at firms like SharpLink Gaming. - The move sparked debate: proponents highlight NAV boosts and short-covering, while critics warn of ETH price suppression risks. - ETHZilla retains $400M in ETH treasury post-sale, maintaining its position as a major public Ethereum holder
ETHZilla Corporation (Nasdaq: ETHZ) has liquidated $40 million worth of
The company’s stock jumped 14.5%, closing above $22.50 on October 27, continuing a rally that started late last week, according to a
The company’s strategy has ignited discussion in the crypto sector. Supporters claim that buying back undervalued shares increases NAV per share and curbs short selling (as previously covered by Yahoo Finance), while critics caution that ongoing ETH sales could trigger a "death spiral" if they drive down Ethereum’s price, as highlighted in a
ETHZilla’s actions underscore the increasing demand on crypto-centric companies to stabilize valuations amid market swings. With shares trading at a 30% discount to NAV as of October 2025 (as reported by Yahoo Finance), the company’s assertive buyback strategy is designed to bring market value in line with its asset base. The plan also seeks to address worries about share dilution and liquidity, as a smaller share count could boost NAV per share and strengthen investor trust, according to an
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.
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