Back
ETHZilla Rebrands and Lists as ETHZ with $419 Million Ethereum Holdings

ETHZilla Rebrands and Lists as ETHZ with $419 Million Ethereum Holdings

According to the company’s official statement, the rebrand aims to position ETHZilla as a leading Ethereum treasury firm, backed by major institutional and crypto investors.

ETH

Fact Check
The statement is fully supported by the evidence. Multiple sources confirm that 180 Life Sciences has rebranded as ETHZilla (Sources 1-5, 7), has begun trading under the new ticker ETHZ (Sources 6, 7), and holds approximately $419 million in Ethereum (Sources 6, 7).
    Reference: 123
Summary

ETHZilla Corporation (NASDAQ: ETHZ), formerly 180 Life Sciences, has rebranded and now trades under ETHZ and ETHZW on the Nasdaq Capital Market. The firm holds 94,675 ETH valued at over $405 million, ranking fifth among public companies by Ethereum holdings. The rebrand follows $565 million in fundraising via private placements and convertible note offerings, attracting over 60 institutional and crypto-focused investors, including Harbour Island, Electric Capital, Polychain Capital, and GSR. ETHZilla has appointed Electric Capital as external asset manager to run an on-chain yield program aiming to outperform conventional ETH staking returns, while continuing operations in iGaming and monetizing its biotech IP portfolio.

Terms & Concepts
  • Ethereum Treasury: A corporate strategy or structure where a company holds and manages significant reserves of Ethereum as part of its balance sheet or investment portfolio.
  • On-Chain Yield Program: An investment strategy deploying assets directly on the blockchain to generate returns, often through decentralized finance protocols.
  • ETH Staking: The process of locking up Ethereum in a proof-of-stake network to support operations like block validation in exchange for rewards.