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ETHZilla's $40M Ether Sale Boosts Shares Amid Crypto Concerns

10/29/2025

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Summary

Story summary

ETHZilla Corp. sold $40 million of Ether for share buybacks, triggering a 20% rise in its shares.
Metaplanet began buyback programs to counter declining market values.
Experts warn that selling cryptocurrencies to finance buybacks may signal vulnerability and harm long-term capital.
The crypto industry expects increased spending ahead of the 2026 midterms, and Bitcoin is predicted to gain traction as it competes with gold.

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Story summary

ETHZilla Corp. sold $40 million of Ether for share buybacks, triggering a 20% rise in its shares.
Metaplanet began buyback programs to counter declining market values.
Experts warn that selling cryptocurrencies to finance buybacks may signal vulnerability and harm long-term capital.
The crypto industry expects increased spending ahead of the 2026 midterms, and Bitcoin is predicted to gain traction as it competes with gold.