$250 Million Buyback Plan Unveiled by Ethereum Treasury and Peter Thiel-Backed Company
ETHZilla, an Ethereum treasury firm backed by Peter Thiel, has approved a $250 million stock buyback program following ETH’s rally to a new all-time high.
The company holds 102,237 ETH worth about $465 million at current prices, alongside $215 million in cash reserves, and plans to stake its holdings through Electric Capital’s proprietary protocol to generate higher yields.
Executive Chairman McAndrew Rudisill said the repurchase underscores the firm’s commitment to shareholder value as it scales its ETH reserves. Formerly 180 Life Sciences Corp., the company rebranded as ETHZilla after raising over $580 million through private funding and convertible notes earlier this year.
Clever Robot News Desk 31th August 2025
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