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ETHZilla has sold approximately $40 million worth of ETH for stock buybacks.
According to a report from Golden Finance, ETHZilla (NASDAQ: ETHZ) announced that it has sold approximately $40 million worth of Ether (ETH) for stock buybacks. Since executing the sale on October 24, the company has repurchased about 600,000 shares of common stock for approximately $12 million and plans to use the remaining funds to continue repurchasing stock. The company still holds about $400 million in ETH for future strategic arrangements.