ETHZilla Secures $80 Million in OTC Deal with Cumberland

According to Foresight News, Ethereum treasury company ETHZilla has announced a successful over-the-counter (OTC) transaction with Cumberland, securing up to $80 million in financing. The net proceeds from this deal will be directed towards the repurchase of company shares. Previously, ETHZilla had repurchased 2.2 million shares at an average price of $2.50 per share.