ETHZilla Corporation announced the official launch of its new brand focusing on its Ethereum treasury strategy.
The company accumulated 94,675 ETH valued at approximately $419 million.
ETHZilla rebranded from 180 Life Sciences Corp. and will start trading under new ticker symbols on NASDAQ.
The successful private placement and convertible note offering raised approximately $565 million in gross proceeds.
New Brand Launch
ETHZilla commits to an Ethereum treasury strategy and aims to become an accumulation vehicle for Ether (ETH).
Ticker Symbol Change
The company's common stock and warrants will now trade under the ticker symbols "ETHZ" and "ETHZW" on NASDAQ.
Successful Fundraising
Over 60 institutional and crypto-native investors, including prominent Ethereum ecosystem founders, participated in the private placement and convertible note offering.
- ETHZilla aims to be a benchmark for on-chain treasury management among public companies.
- The company has begun allocating funds for significant ETH accumulation, leveraging a yield generation program designed to outperform traditional ETH staking.
ETHZilla's rebrand and focus on Ethereum treasury strategy have attracted significant market interest and partnerships from Ethereum ecosystem leaders. The successful fundraising sets the stage for the company's next phase of growth and accumulation of ETH.