Altcoins News
By Sakamoto Nashi
1 / 15
Beyond Meat’s Influencer Turns Toward Ethereum. Dimitri Semenikhin, widely recognized for helping fuel Beyond Meat’s recent 1,000% surge, has…
2 / 15
ETHZilla’s $40 Million Buyback Strategy. Soon after Semenikhin’s remarks, ETHZilla’s management announced that it had executed a major…
3 / 15
ETHZilla’s Position Among Ethereum Treasury Firms. Before its buyback, ETHZilla held 102,916 ETH in reserves, placing it among the top six publicly…
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Semenikhin’s Push for Change. Semenikhin’s involvement in ETHZilla has stirred comparisons to retail influencers from the meme…
5 / 15
A Signal for Ethereum-Linked Companies. ETHZilla’s resurgence also highlights the increasing investor appetite for Ethereum treasury firms…
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Backed by Prominent Investors. In addition to Semenikhin’s new position, ETHZilla counts billionaire investor Peter Thiel among…
7 / 15
The Road Ahead. As of this week, ETHZilla’s market capitalization remains well below its net asset value,…
8 / 15
Shares of Ethereum-focused treasury firm ETHZilla (ETHZ) continued their upward climb on Monday, rising 14% following strong backing from well-known Beyond Meat investor and…
9 / 15
This latest rally marks another chapter in ETHZilla’s growing prominence among digital asset–backed companies and highlights how influential investors are beginning to shape…
10 / 15
Dimitri Semenikhin, widely recognized for helping fuel Beyond Meat’s recent 1,000% surge, has shifted his focus from traditional equities to blockchain-based firms.
11 / 15
He argued that ETHZilla’s shares were trading at nearly half of the company’s net asset value, a rare discount for a firm holding hundreds of millions of dollars in liquid…
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“Treasury bets are really measured by the multiplier they have on their net assets,” Semenikhin said in a statement.
13 / 15
Following his statements, ETHZilla’s trading activity increased sharply, mirroring the type of social-driven enthusiasm last seen during the GameStop and AMC rallies of 2021.
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Soon after Semenikhin’s remarks, ETHZilla’s management announced that it had executed a major share buyback, selling $40 million worth of ETH from its treasury to repurchase…
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“We are leveraging the strength of our balance sheet, including reducing our ETH holdings, to execute share repurchases,” said ETHZilla’s chairman and CEO McAndrew Rudisill.
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