ETHZilla approves a $250 million stock buyback plan, with Ethereum holdings exceeding 100,000 coins

ChainCatcher news, according to PR Newswire, ETHZilla Corporation (NASDAQ: ETHZ) announced that its board 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 Ethereum, with an average acquisition price of $3,948.72, currently valued at approximately $489 million.

Apart from ETH, ETHZilla also holds about $215 million in cash equivalents.