Wu said that ETHZilla (NASDAQ: ETHZ) announced that its board has approved a stock repurchase plan of up to $250 million and disclosed that it holds a total of 102,237 ETH, with an average purchase price of $3,948.72, which is approximately $489 million at current market value. ETHZilla also holds about $215 million in cash equivalents and will hold the recently purchased ETH long-term and stake it through the Electric Asset Protocol.