Previously known as 180 Life Sciences, ETHZilla has announced plans to create a $425 million Ethereum-based treasury.
Rebranding and Goals of ETHZilla
ETHZilla announced a $425 million capital raise through a private investment deal, expected to close by August 1. Backers include well-known crypto players like Electric Capital and Polychain.
Asset Management Strategy
ETHZilla intends to leverage Ethereum actively by employing staking, lending, liquidity provisioning, and structured DeFi agreements. Management will be external, aiming for higher returns than traditional staking.
Conclusion and Current Market Situation
The firm plans to go public after the private round, but shares will not be available on the open market until regulatory requirements are met. At the time of writing, Ethereum is trading at $3,770.65 with trading volumes nearing $36.25 billion.
ETHZilla aims to serve as a flagship public company for Ethereum-based treasury management while engaging institutional investors.
