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5h ago

ETHZilla Lists on Nasdaq With 94,675 ETH in Its Treasury

Having secured $565 million from more than 60 investors, ETHZilla has appointed Electric Capital to oversee its on-chain ethereum yield program

Peter Thiel-backed ETHZilla officially rebrands, now holds 94,675 ETH
ETHZilla’s NASDAQ relaunch puts $419m Ethereum treasury in the spotlight
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Overview

  • The company completed its rebrand from 180 Life Sciences and began trading on the Nasdaq Capital Market under the tickers ETHZ and ETHZW on August 18, 2025.
  • ETHZilla’s treasury now holds 94,675 ETH, worth approximately $410 million at current market prices, ranking it among the top five public-company ethereum holders.
  • It raised $565 million through private placements and convertible note offerings, drawing participation from institutional and crypto-focused backers including Polychain Capital, Founders Fund and Electric Capital.
  • Electric Capital will manage ETHZilla’s external asset strategy, deploying ethereum staking, DeFi lending and liquidity provisioning to pursue yields beyond traditional staking returns.
  • Despite its shift to a crypto treasury model, ETHZilla plans to leverage and monetize its legacy biotech intellectual property and continue operating its gaming division.