Overview

• The $425 million PIPE led by more than 60 institutional and crypto-native investors is set to close by August 1 to finance ETHZilla’s shift to an ether-centric treasury.
• Electric Capital will act as external asset manager, deploying ETH through staking, lending and liquidity provisioning to pursue yields beyond traditional staking.
• ETHZilla has established a DeFi Council with Etherealize and other protocol builders to advise on treasury deployment and monetization strategies.
• Most of the proceeds will be used to accumulate ether as the company’s core reserve asset, signaling a pivot from its biotech origins.
• Data from StrategicEtherReserve indicate public firms and DeFi treasuries now hold about 2% of ETH supply, with Standard Chartered forecasting corporate reserves could climb toward 10%.