ETHZilla reaches OTC deal with Cumberland, secures up to $80 million in financing for stock buyback

ChainCatcher news, according to official sources, Ethereum treasury company ETHZilla announced that it has reached an OTC deal with Cumberland to secure up to $80 million in financing. The net proceeds will be used for the company's stock buyback. Previously, ETHZilla had already repurchased 2.2 million shares of company stock at an average price of $2.5 per share.