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ETHZilla Corporation (NASDAQ: ETHZ), formerly 180 Life Sciences Corp. (NASDAQ: ATNF), announced a major rebranding and strategic shift to focus on Ethereum treasury operations. The company's stock will begin trading under the new ticker ETHZ on August 18, 2025.
The company has successfully raised $565 million through private placements, including a $425 million PIPE and $156.25 million convertible note offering. ETHZilla has already accumulated 94,675 ETH at an average price of $3,902.20, currently valued at approximately $419 million, with an additional $187 million in cash equivalents.
Electric Capital will serve as the external asset manager, implementing an on-chain yield generation program combining staking, lending, and liquidity provisioning. The private placement attracted over 60 institutional and crypto-native investors, including prominent Ethereum ecosystem leaders.
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