Ether Treasury Firm ETHZilla Sold $40M ETH to Fund Share Buyback Amid Discount to NAV
ETHZilla sold $40 million in ETH to repurchase its own shares, which were trading at a significant discount to Net Asset Value (NAV).Summary
Ethereum-focused digital asset treasury firm ETHZilla sold approximately $40 million worth of Ether (ETH) from its treasury on Friday, October 24, 2025. The company immediately used a portion of the proceeds, about $12 million, to repurchase around 600,000 shares as part of a larger $250 million buyback plan approved by its board. This action aims to reduce the number of shares available for stock loan/borrow activity and increase the NAV per share, as ETHZ shares were trading at a 30% discount to their NAV following a major price drop. ETHZilla intends to continue selling ETH to fund further buybacks until the stock discount to NAV is normalized. Following the announcement, ETHZ shares rallied significantly, increasing 14.5% on Monday and another 12% in after-hours trading.
(Source：CoinDesk)