180 Life Sciences Rebrands as ETHZilla, Unleashes $425M Ethereum Treasury Raise

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.