Ethereum treasury company ETHZilla has sold roughly $40 million worth of ETH from its treasury to support a share buyback program as it looks to narrow the gap between its stock price and net asset value. The Nasdaq-listed company acquired…

The maneuver highlights the pressure digital asset treasury stocks face, with many once-high-flying names now trading below the value of the crypto on their books.

The crypto investment firm now holds over 3.31 million ETH, moving closer to its goal of owning 5% of the token’s supply.

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