ETHZilla Launches $250M Buyback, ETH Treasury Reaches $489M

ETHZilla has approved a $250M stock buyback to bolster its share price and expand its Ethereum treasury. The program, running until June 30, 2026, will repurchase shares on the open market or through institutional deals at market rates. The firm holds 102,237 ETH (≈$489M at an average cost of $3,948) and $215M in cash equivalents. Since rebranding from 180 Life Sciences on August 18—when it acquired $419M in ETH—ETHZilla stock has climbed over 90% year-to-date, rising 6% to above $3.50 after the buyback announcement. Executive Chairman McAndrew Rudisill said the aggressive buyback underscores ETHZilla’s commitment to scaling its Ethereum reserves and maximizing shareholder value. At press time, Ethereum traded at $4,635, down 3.9% in 24 hours.
Bullish
ETHZilla’s $250M buyback and sizable ETH holdings signal strong corporate confidence in Ethereum, likely boosting market sentiment. In the short term, share repurchases can stabilize price action and reinforce investor optimism. Over the long run, expanding Ethereum reserves and continued rebranding efforts indicate growing institutional adoption, which may drive additional demand for ETH and underpin price growth.