First Ethereum Treasury Firm Sells ETH For Buybacks: Death Spiral Incoming?

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Jake Simmons

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Mentions

People	McAndrew Rudisill, SalsaTekila, Dan Smith, Dimitri Semenikhin
Organizations	ETHZilla

Target	Sentiment	Comment
EthereumETH	Bearish	ETHZilla's sale of ETH for share buybacks raises concerns about potential 'death spiral' if other firms imitate.
ETHZilla	Bearish	Critics question the company's decision to sell ETH instead of using cash reserves, undermining confidence.