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ETHZilla: the billion-dollar turnaround of 180 Life Sciences for Ethereum
$ETH The financial and cryptocurrency markets were surprised by a bold move a few weeks ago: the former 180 Life Sciences Corp. (NASDAQ: ATNF) announced its transformation into ETHZilla Corporation, abandoning the bioscience sector to adopt a strategy focused on treasury management in Ethereum (ETH).
The change comes with a robust $425 million private fundraising plan (PIPE), led by major names in the crypto ecosystem, such as Electric Capital, Polychain Capital, GSR, and founders of projects like Lido, Eigenlayer, and Compound. The goal is clear: to consolidate one of the largest corporate treasuries of Ethereum in the world.
The change comes with a robust $425 million private fundraising plan (PIPE), led by major names in the crypto ecosystem, such as Electric Capital, Polychain Capital, GSR, and founders of projects like Lido, Eigenlayer, and Compound. The goal is clear: to consolidate one of the largest corporate treasuries of Ethereum in the world.
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