ETHZilla Unleashes $250M Buyback Bombshell While Sitting on $489M Ethereum Treasure
Corporate giant makes power move as crypto holdings approach half-billion mark.
Massive Capital Deployment
ETHZilla just greenlit a quarter-billion dollar stock repurchase program—signaling serious confidence in its own valuation while strategically deploying capital back to shareholders.
Crypto Vault Revelation
The announcement came alongside jaw-dropping disclosure of $489 million in Ethereum holdings, proving traditional corporations aren't just dipping toes but diving headfirst into digital asset accumulation.
Strategic Positioning
This dual-pronged approach combines conventional corporate finance with aggressive crypto accumulation—because why choose between pleasing Wall Street and betting on blockchain?
Because nothing says 'financial innovation' like using shareholder money to buy back stock while sitting on a digital goldmine that would make most hedge funds blush.
How will Donald Trump’s pressure on the Feds impact the crypto market?
As the ongoing battle continues between Donald Trump’s insistence to fire Cook and Cook’s own resistance to being removed, the U.S. dollar and the wider crypto market may be caught in the crosshairs.
Considering the Feds are responsible for setting the interest rate that could influence trillions of U.S dollars worldwide, Donald Trump’s continued attacks on its board of members could be considered an assault on the independence of the Fed itself.
While Treasury yields dropped, alternative assets like gold and cryptocurrency shot up. Bitcoin (BTC) rose modestly by 0.5% meanwhile Ethereum (ETH) climbed 1.5% immediately after the news broke. This is because many investors saw the pressure as an indication that the Fed may bow to Trump’s expectation for a Fed rate cut.
On the other hand, the same growth has not been seen in the overall crypto market cap dipped slightly by 1.5% to just $3.86 trillion.
Historically, moves made by the Fed have influenced not only the stock market but also the crypto market. After the news went viral, global stocks were unsettled with European and Asian stocks sinking. There was also a decline in U.S. stock futures and added downward pressure on the U.S. dollar.
Are USD-backed stablecoins in trouble?
After Donald Trump posted his letter ordering the removal of Governor Lisa Cook on Truth Social, the U.S. dollar weakened by 0.07% compared to other global currencies. In addition, investors sold long-term US government bonds, pushing the 30-year Treasury yield up by 0.04 percentage points to 4.93%.
As the dollar starts to weaken, so do the stablecoins pegged to the currency. Although they appear stable due to the value being 1:1 with the dollar. Most stablecoin reserves are held in short-term U.S. Treasuries and cash equivalents. If U.S. Treasuries face volatility, stablecoin issuers could struggle to manage redemptions efficiently.
Not only that, if political interference undermines global confidence in the Fed’s ability to manage monetary policy, then the dollar’s credibility itself could be questioned. Considering that the stablecoin market is still dominated largely by dollar-backed tokens like USDT (USDT), USDC (USDC) and PYUSD (PYUSD), Trump’s move could be cause for concern.
