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Benzinga
Benzinga
Business
Adam Eckert

ETHZilla Shares Surge As Company Sells Ethereum To Buy Its Own Stock

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ETHZilla Corp (NASDAQ:ETHZ) shares are surging in Monday’s after-hours session after the company announced a strategic move to repurchase its common stock.

What To Know: ETHZilla announced that it sold approximately $40 million of its ETH, the native crypto of the Ethereum (CRYPTO: ETH) blockchain, to fund share repurchases.

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