ETHZilla has announced a $40 million stock buyback program in response to a significant discount of its stock relative to its net asset value (NAV). Since October 24, the company has repurchased approximately 600,000 common shares, totaling around $12 million, under a $250 million buyback authorization. Chairman and CEO McAndrew Rudisill stated that the company is utilizing balance sheet resources, including cash from the sale of part of its ETH holdings, to fund the buyback.