Wu Blockchain (@WuBlockchain): ETHZilla announced a $40 million share repurchase as its stock trades well below net asset value (NAV). Since October 24, the company has bought back…
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ETHZilla announced a $40 million share repurchase as its stock trades well below net asset value (NAV). Since October 24, the company has bought back approximately 600,000 shares for $12 million under its $250 million buyback authorization. Chairman and CEO McAndrew Rudisill said the repurchases are being funded using the company’s balance sheet, including proceeds from ETH sales. https://t.co/WgCQWUk8kR