Biotech Firm ETHZilla Plans $425M Ethereum Treasury Amid Institutional On-Chain Finance Shift
Main Idea
Biotech firm ETHZilla is raising $425 million to establish an Ethereum-based treasury managed by Electric Capital, marking a significant institutional pivot to crypto finance.
Key Points
1. ETHZilla, formerly 180 Life Sciences, is raising $425 million via a private stock sale to create a treasury fully backed by Ethereum.
2. The treasury will be actively managed using DeFi strategies overseen by Electric Capital, with risk controls in place.
3. Key backers include Electric Capital, Polychain, Harbour Island, and figures from Lido and Compound, reflecting strong institutional confidence.
4. ETHZilla plans to go public after the funding round, though shares will remain restricted until regulatory approvals are finalized.
5. The move aligns with broader trends of institutional adoption of Ethereum and DeFi for treasury diversification and yield generation.
Description
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