180 Life Sciences Company Renames Itself to Ethzilla and Begins Trading Under the Symbol ETHZ
180 Life Sciences Corp has renamed itself to Ethzilla and began trading on the Nasdaq under the symbol ETHZ on August 18, 2025, replacing its previous symbol ATNF. The company's warrants will trade under the symbol ETHZW.
The company, based in Palm Beach, Florida, has accumulated 94,675 Ethereum at an average purchase price of $3,902.20, valued at approximately $419 million. Ethzilla also holds about $187 million in cash equivalents in U.S. dollars.
The renaming follows the completion of a private placement of common stock and pre-funded warrants worth $425 million, along with a convertible bond offering worth $156.25 million, resulting in the raising of approximately $565 million in total proceeds before fees. More than 60 institutional investors and cryptocurrency-focused investors participated, including Electric Capital, Polychains Capital, and many of the founders of the Ethereum system.
Macandro Rodesil, the CEO of the Board, stated: "Today, we embrace our identity as Ethzilla and our commitment to developing a leading market strategy that aims to deliver Ethereum value to investors in public markets."
Electric Capital will serve as the external asset manager for Ethzilla,
