---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-080111"
form_type: "8-K"
ticker: "FRMM"
cik: "0001690080"
company_name: "FORUM MARKETS Inc"
filed_at: "2025-08-25T23:59:59+00:00"
generated_at: "2026-05-17T10:15:07.053845+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# ETHZilla authorizes $250M stock buyback; holds 102,237 ETH ($489M) as of Aug 24

## Summary
- Board authorized up to $250M stock repurchase program, effective immediately, expiring June 30, 2026 or earlier if fully utilized or discontinued.
- Company holds 102,237 ETH at avg acquisition price of $3,948.72, valued at ~$489M; plus ~$215M in cash equivalents.
- Outstanding shares: 165,478,655 as of Aug 22, 2025, including 1,318,000 shares subject to cancellation.
- Newly purchased ETH will be staked via Electric Capital's proprietary Electric Asset Protocol to generate yield.

## SEC filing metadata
- accession: 0001213900-25-080111
- form_type: 8-K
- ticker: FRMM
- cik: 0001690080
- company_name: FORUM MARKETS Inc
- filed_at: 2025-08-25T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1690080/000121390025080111/0001213900-25-080111-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1690080/000121390025080111/ea0254420-8k_ethzilla.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-080111
- JSON: https://secwatch.observer/filing/0001213900-25-080111.json
- Plain text: https://secwatch.observer/filing/0001213900-25-080111.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.