🚀 ETHZilla Makes a Big Move!
ETHZilla (formerly 180 Life Sciences Corp) has rebranded and is now focused on becoming a community-driven Ethereum reserve platform.
👉 It’s now listed on Nasdaq with new ticker symbols: ETHZ (stock) and ETHZW (warrants). Old tickers (ATNF, ATNFW) are retired shareholders don’t need to do anything.
💰 The company raised $425M through private investment and $156.25M with convertible notes, using it to buy 94,675 ETH at an average price of $3,902 (worth about $419M today). On top of that, they still hold $187M in cash.
🔥 Backed by big names like Electric Capital and Polychain, ETHZilla plans to reshape on-chain treasury management with a yield-focused strategy.
This is a huge step showing how traditional public companies are diving deeper into DeFi and Ethereum.
💭 What do you think about ETHZilla’s new direction? Is this the future of public companies in crypto?
