ETHZilla holds over $460M in Ether and equivalents

ETHZilla (NASDAQ:ETHZ [https://seekingalpha.com/symbol/ETHZ]) has announced [https://seekingalpha.com/pr/20231743-ethzilla-announces-initial-eth-yield-allocation-and-additional-stock-repurchases] its total holdings of 102,255 Ether and ETH Equivalents, with an average acquisition price of $3,948.72 and a current value of about $460 million.

Additionally, ETHZilla has about $228 million in USD cash equivalents and 1.5 million earned protocol tokens. The total number of outstanding shares stands at 160,676,122.

To fund its $250 million stock repurchase program, ETHZilla has entered into an OTC transaction with Cumberland DRW to obtain up to $80 million.

ETHZilla has already drawn $50 million from this facility and has repurchased about 4.0 million shares at an average price of $2.50, reducing outstanding shares by 2.3% this week, bringing the total repurchased shares in the month of September to approximately 6.0 million shares.

MORE ON ETHZILLA CORPORATION

* ETHZilla (180 Life Sciences) Pivots To Ethereum Treasury Strategy [https://seekingalpha.com/article/4814010-ethzilla-180-life-sciences-pivots-to-ethereum-treasury-strategy]
* 180 Life Sciences: Biotech Pivots Into Crypto, Shares Skyrocket? Not So Uncommon [https://seekingalpha.com/article/4812758-180-life-sciences-biotech-pivots-into-crypto-shares-skyrocket-not-so-uncommon]
* ETHZilla announces CEO appointment, Ether holdings of ~$443M; shares up over 9% [https://seekingalpha.com/news/4493004-ethzilla-announces-ceo-appointment-ether-holdings-of-443m-shares-up-over-9]
* ETHZilla plans to deploy $100 million in ETH to EtherFi for restaking initiatives [https://seekingalpha.com/news/4491134-ethzilla-plans-to-deploy-100-million-in-eth-to-etherfi-for-restaking-initiatives]
* Financial information for 180 Life Sciences [https://seekingalpha.com/symbol/ETHZ/income-statement]