ETHZilla holds over 102,000 ETH valued at $443 million

PALM BEACH, Fla. - ETHZilla Corporation (NASDAQ:ETHZ), currently valued at $385 million in market capitalization, announced Monday it has accumulated 102,246 Ether (ETH) at an average acquisition price of $3,948.72, currently valued at approximately $443 million. The company also reported holding approximately $213 million in USD cash equivalents. According to InvestingPro analysis, the stock has shown significant volatility, gaining over 95% in the past six months despite a recent 18% weekly decline.

The cryptocurrency-focused firm has appointed Chairman McAndrew Rudisill as Chief Executive Officer, effective September 4, replacing Blair Jordan who has resigned from the position. Rudisill will continue to serve as Chairman. With an InvestingPro Financial Health Score of 1.68, labeled as ’WEAK’, the company faces significant operational challenges, including short-term obligations exceeding liquid assets with a current ratio of 0.58.

ETHZilla also provided an update on its previously announced $250 million stock repurchase program, reporting it has repurchased approximately 2.2 million shares at an average price of $2.50, reducing shares outstanding by 1.3%.

To fund additional repurchases, the company has entered into an over-the-counter transaction with Cumberland DRW to obtain up to $80 million, using a portion of its ETH holdings as collateral.

"This deal with Cumberland strengthens our ability to execute on our stock repurchase program and underscores our commitment to disciplined capital allocation," said Rudisill in the press release statement.

ETHZilla describes itself as developing an accumulation vehicle for Ether that aims to become a benchmark for on-chain treasury management among public companies. Through its partnership with Electric Capital, the company states its treasury strategy aims to pursue yield generation meant to outperform traditional ETH staking. Trading at a price-to-book ratio of 71.5x, the stock currently sits at $2.31, significantly above its 52-week low of $0.66 but well below its high of $17.75.

The company, which originated as a biotechnology firm, has been evolving toward software-enabled gaming and entertainment while maintaining its ETH treasury strategy and legacy biotech assets.

As of September 7, 2025, ETHZilla reported 164,426,122 total shares outstanding.

In other recent news, ETHZilla Corporation announced a significant shift in leadership as Blair Jordan resigned as CEO, director, and Secretary. McAndrew Rudisill, the current Executive Chairman, has been appointed as the new CEO and Principal Executive Officer. In financial developments, ETHZilla authorized a stock repurchase program of up to $250 million of its outstanding common shares. The company also reported holding 102,237 Ethereum tokens, valued at approximately $489 million, and maintains about $215 million in cash equivalents.

Meanwhile, 180 Life Sciences Corp, now operating as ETHZilla, disclosed its substantial cryptocurrency holdings, with 82,186 Ethereum tokens valued at around $349 million. The company also holds approximately $238 million in USD cash equivalents. In another development, 180 Life Sciences entered a sales agreement to potentially sell up to $500 million worth of common stock shares through an "at-the-market" offering program with Clear Street LLC. These recent events highlight strategic financial maneuvers and leadership changes within the company.

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