ETHZilla announced a $250 million stock buyback plan.

[ETHZilla announces a $250 million stock buyback plan] The board of directors of ETHZilla Corporation (NASDAQ: ETHZ) has approved a stock buyback plan with a maximum repurchase amount of $250 million, which is effective immediately. In addition, the company announced that it currently holds a total of 102,237 ETH, with an average acquisition price of 3,948.72 USD, currently valued at approximately 489 million USD. Besides ETH, ETHZilla also holds about 215 million USD in cash equivalents.

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