ETHZilla sold $40 million in ETH to fund a share buyback after activist investor Dimitri “Capybara Stocks” Semenikhin called for change, sending shares sharply higher.
(Photo of Michael Förtsch on Unsplash)
Posted October 28, 2025 at 9:49 am EST.
ETHZilla has offloaded approximately $40 million worth of ETH from its treasury to fund a share repurchase program, the company announced Monday.
The Ethereum treasury firm sold the tokens after prominent investor Dimitri “Capybara Stocks” Semenikhin published an open letter urging the strategy shift.
Semenikhin, known for his role in Beyond Meat’s recent 1,000% price surge, has acquired roughly 2.2% of ETHZilla shares. The investor identified a significant valuation gap, noting the firm was trading at just 50% of its net asset value when he initiated his position.
This story is an excerpt from the Unchained Daily newsletter.
Subscribe here to get these updates in your email for free
Chairman and CEO McAndrew Rudisill confirmed the company will continue selling ether to repurchase shares as long as the stock trades below its net asset value. Shares of ETHZ jumped 14% during Monday’s trading session and climbed to $23 in after-hours activity.
Billionaire Peter Thiel’s Founders Fund holds a 7.5% stake in ETHZilla, acquired in August.
Powered by WPeMatico
