180 Life Sciences Rebrands as ETHZilla, Unleashes $425M Ethereum Treasury Raise
Main Idea
180 Life Sciences Corp. rebrands as ETHZilla, adopting Ethereum as its central treasury asset and raising $425 million to purchase ETH, backed by institutional and crypto-native investors.
Key Points
1. 180 Life Sciences Corp. (Nasdaq: ATNF) rebrands to ETHZilla, shifting its business strategy to focus on Ethereum as its primary treasury asset.
2. The company plans a $425 million private investment in public equity (PIPE) sale, with proceeds primarily used to purchase ETH and fund staking strategies.
3. ETHZilla is supported by over 60 institutional and crypto-native investors, including Polychain Capital, Harbour Island, and GSR.
4. The company collaborates with Etherealize, a crypto-native firm, to shape its treasury deployment strategy and forms a DeFi Council with industry leaders.
5. SharpLink Gaming is currently the largest public holder of Ethereum, with 360,807 ETH valued at approximately $1.33 billion, mostly staked or deployed through liquid staking platforms.
Description
180 Life Sciences Corp. (Nasdaq: ATNF) has revealed plans to transform its business strategy with a major crypto change by rebranding to “ETHZilla” and adopting Ethereum as the central asset in its treasury reserve. JUST IN: Publicly traded 180 Life Sciences to raise $425,000,000, load up on $ETH for its treasury and rebrand to "ETHZilla." pic.twitter.com/VH9qirDW2B — Whale Insider (@WhaleInsider) July 29, 2025 The company is supported by over 60 institutional and crypto-native investors. This m...
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