ETHZilla Approves $250 Million Stock Buyback Plan

BlockBeats News, August 25th, ETHZilla Corporation (NASDAQ: ETHZ) Board of Directors has approved a stock buyback plan with a maximum buyback amount of $2.5 billion, which takes effect immediately. Furthermore, the company announced that it currently holds 102,237 ETH with an average purchase price of $3,948.72, currently valued at approximately $4.89 billion. In addition to ETH, ETHZilla also holds around $2.15 billion in US dollar cash equivalents.