ETHZilla, the rebranded biotech-turned-crypto-treasury company, just dropped some exciting updates on X (formerly Twitter) that have the crypto community buzzing. If you're not familiar, ETHZilla started as 180 Life Sciences, a biotech firm, but recently pivoted to focus on building a massive Ethereum (ETH) treasury. Backed by big names like Peter Thiel, it's now trading on Nasdaq under the ticker ETHZ. This move positions it as a unique player in the intersection of traditional finance and cryptocurrency, almost like a meme token with real corporate muscle—think Godzilla rampaging through the ETH ecosystem.

In their latest thread, ETHZilla revealed they've ramped up their ETH holdings to a whopping 102,237 ETH, up from 94,700. That's purchased at an average price of about $3,948.72 per ETH. At current prices, that stash is valued at around $489 million. Not stopping there, they also hold approximately $215 million in USD cash equivalents, giving them plenty of dry powder for future moves.

The big news? They're launching a stock repurchase program worth up to $250 million for their outstanding shares (ticker $ETHZ). In simple terms, a stock buyback means the company is using its funds to buy back its own shares from the market, which can reduce the number of shares outstanding (currently at 165.5 million) and potentially boost the value of remaining shares. It's a way to return value to shareholders and signals confidence in the company's future—especially in a volatile crypto market.

This comes on the heels of their rebranding and initial ETH accumulation announcements, where they started trading under ETHZ on August 18, 2025, with an initial holding of 94,675 ETH. The market reacted positively at first, but shares dipped recently due to dilution fears. Now, with this buyback and increased holdings, ETHZilla seems poised to roar back.

For full details, check out the official press release on PR Newswire.

Why This Matters for Meme Token Enthusiasts and Blockchain Practitioners

While ETHZilla isn't a pure meme token like Dogecoin or Shiba Inu, its Godzilla-inspired branding and focus on ETH make it a fascinating hybrid. It's like a corporate meme play: fun name, serious strategy. For those in the blockchain space, this highlights how traditional companies are embracing crypto treasuries as a hedge against inflation or a growth engine. MicroStrategy did it with Bitcoin; now ETHZilla is doing it with Ethereum.

If you're tracking meme tokens or crypto investments, keep an eye on ETHZ's market cap, currently around $519 million. Moves like this could inspire more "meme-corp" hybrids, blending viral appeal with solid fundamentals.

Community Reactions

The X thread sparked quick reactions:

• One user called it "cute," perhaps tongue-in-cheek.
• Others hyped it as "Ethzilla cant stop wont stop" and a "monster move."
• A trader noted the timely dip for buying more.

Overall, the sentiment is positive, with folks seeing this as a sign of strength.

Stay tuned to Meme Insider for more updates on innovative projects like ETHZilla that bridge memes, tokens, and real-world finance. Whether you're a degen trader or a long-term HODLer, understanding these developments can give you an edge in the ever-evolving crypto landscape.