Particle.news
Download on the App Store
6 ARTICLES
·
yesterday

ETHZilla’s $425 Million PIPE Financing Set to Close Ahead of Ethereum Treasury Launch

The closing triggers the immediate conversion of funds into ether followed by deployment of on-chain yield strategies managed by Electric Capital under guidance from a new DeFi Council.

Image
New ether treasury firm 'ethzilla' emerges with $425m funding and a defi twist
180 life sciences secures $425 million to build eth treasury
Image

Overview

  • The $425 million private investment in public equity is led by Electric Capital, Polychain, GSR and founders of Lido, Frax and EigenLayer and is slated to close by August 1.
  • Upon closing, Nasdaq-listed 180 Life Sciences will rebrand as ETHZilla and repurpose its balance sheet around ether.
  • ETHZilla intends to use the bulk of proceeds to accumulate ether as its primary treasury asset in pursuit of higher yields.
  • Electric Capital will serve as external asset manager, deploying on-chain yield generation across staking, lending and liquidity provision with strategic input from a newly formed DeFi Council.
  • The move reflects a rising wave of corporate Ethereum adoption, with public companies and DeFi treasuries now holding roughly $9.5 billion in ether, or about 2 percent of circulating supply.