#ETHZilla Secures $80 #Million Financing Through OTC Deal with Cumberland
Foresight News reports that #Ethereum treasury management firm ETHZilla has completed an over-the-counter (OTC) financing agreement with Cumberland, securing up to $80 million.
The company stated that the net proceeds from this transaction will be used to support its share repurchase program. ETHZilla previously bought back 2.2 million shares at an average price of $2.50 per share, reflecting its commitment to strengthening shareholder value and capital efficiency.
This latest financing deal underscores ETHZilla’s ability to attract major institutional partners and highlights growing confidence in Ethereum-focused treasury strategies.
