Upexi's board approved a $50 million open-ended stock repurchase program aimed at boosting shareholder value. The move underscores a growing trend of crypto firms using corporate treasuries to support equity prices.

ETHZilla Corporation sold $40 million of its Ethereum treasury holdings to finance a stock buyback program aimed at reducing its NAV discount and enhancing shareholder value. The company repurchased around 600,000 shares so far and plans additional buybacks. Despite holding $400 million in ETH, ETHZilla is also investing $15 million in DeFi and asset tokenization strategies.