Ether treasury firm ETHZilla has sold $40 million worth of $ETH to finance a share buyback, responding to a discount to its net asset value (NAV). The decision to sell a significant amount of Ethereum comes as the firm aims to enhance shareholder value amid current market conditions. By executing this buyback, ETHZilla intends to address the disparity between its market price and NAV, which has raised concerns among investors. The firm’s actions reflect a strategic move to stabilize its share price and reinforce investor confidence.
