ETHZilla’s Bold Move: A New Era for Crypto-Friendly SMEs?
ETHZilla just made a massive move by starting a $250 million stock buyback using its Ethereum stash. This could change the game for crypto-friendly businesses. They’re trying to boost shareholder value and show that they have faith in the wild crypto market. There’s a lot to unpack here, especially when it comes to using cryptocurrency in the world of business.
What’s Behind ETHZilla’s Strategy?
ETHZilla’s board has opened the door to a $250 million stock buyback plan that runs until June 2026. It’s about time they did something with the good fortune they have. Currently, they have 102,237 ETH, or about $489 million. And here’s where it gets interesting: the buyback is financed by working capital and proceeds from…
