Ethereum’s First Treasury Company Ditches ETH: Death Spiral Coming?

Ethereum-focused treasury firm ETHZilla said it sold about $40 million worth of ether to fund ongoing share buybacks, a move aimed at closing out what it calls a “significant discount to net asset value.” In a press release issued Monday, the company revealed that since Friday, October 24, it had repurchased approximately 600,000 shares of … Continue reading Ethereum’s First Treasury Company Ditches ETH: Death Spiral Coming?