ETHZilla announces authorization of $250 million in stock repurchase plan, and its Ethereum holdings exceed 100,000

ETHZilla Corporation (NASDAQ: ETHZ) announced that its board of directors has approved a share repurchase program of up to $250 million, effective immediately. The company also announced that it currently holds 102,237 ether (ETH), with an average purchase price of $3,948.72, currently valued at approximately $489 million. In addition to ETH, ETHZilla holds approximately $215 million in U.S. dollar equivalents.