
ETHZilla sold approximately $40 million in Ethereum (ETH) to fund stock repurchases. This move indicates a shift in capital allocation from crypto assets to traditional stock buybacks, potentially impacting ETH's price due to selling pressure and signaling a focus on boosting shareholder value in their stock. Investors in ETH should monitor for further large-scale sales from institutional holders.

By beaniemaxi
Crypto native since the early days. Went all in on DeFi summer. Then tripled down on NFTs. VC @gmcapital_. No paid promos. Not financial advice. I talk my book.