Ethereum News Today: ETHZilla raises $425M to build Ethereum treasury firm

Nasdaq-listed biotech firm 180 Life Sciences has secured $425 million through a private investment in public equity (PIPE) offering, marking a strategic shift toward becoming a publicly traded Ethereum (ETH) treasury company [1]. The firm has announced a rebrand to ETHZilla, reflecting its goal to become one of the largest ETH holders globally. The capital will be used to purchase ETH and support a yield-generating strategy in partnership with asset manager Electric Capital [2]. The initiative aims to achieve returns between 3-10%, depending on market conditions, through a differentiated on-chain yield generation program [3]. ETHZilla also plans to raise an additional $150 million via debt securities to further expand its ETH holdings [4].

The investment attracted participation from over 60 institutions and crypto-native investors, highlighting growing interest in institutional-grade crypto treasury strategies [5]. This move positions ETHZilla as a new entrant in the emerging category of ETH treasury vehicles. Companies such as SharpLink Gaming have already adopted similar strategies, but ETHZilla aims to differentiate itself by building a high-margin business model focused on Ethereum yield generation, with potential to generate positive free cash flow (FCF) and EBITDA [6].

Following the announcement, ETHZilla’s shares closed more than 10% higher on July 30, 2025, despite being down 99.91% from its all-time high [7]. The short-term price response suggests investor optimism regarding the firm’s new strategic direction and broader market sentiment toward crypto. However, the long-term success of the transition will depend heavily on Ethereum’s performance and the effectiveness of its yield strategies.

ETHZilla’s rebrand and pivot illustrate the convergence of traditional finance and blockchain technology. The firm has assembled a team comprising Ethereum builders, DeFi founders, and Wall Street professionals to establish an institutional-grade infrastructure on the Ethereum blockchain [8]. This shift aligns with broader trends in corporate treasury management, as companies increasingly explore alternative assets like crypto to diversify returns and enhance capital efficiency [9].

Source:

[1] Bitcoin.com – [https://news.bitcoin.com/180-life-sciences-secures-425-million-to-build-eth-treasury/](https://news.bitcoin.com/180-life-sciences-secures-425-million-to-build-eth-treasury/)

[2] StockTitan – [https://www.stocktitan.net/news/ATNF/180-life-sciences-announce-an-upsized-425-million-private-placement-hdlhlo1n2d30.html](https://www.stocktitan.net/news/ATNF/180-life-sciences-announce-an-upsized-425-million-private-placement-hdlhlo1n2d30.html)

[3] Coindesk – [https://www.coindesk.com/business/2025/07/29/new-ether-treasury-firm-ethzilla-emerges-with-usd425m-funding-and-a-defi-twist](https://www.coindesk.com/business/2025/07/29/new-ether-treasury-firm-ethzilla-emerges-with-usd425m-funding-and-a-defi-twist)

[4] Decrypt – [https://decrypt.co/332401/biotech-rebrands-ethzilla-raising-monster-425m-ethereum-treasury](https://decrypt.co/332401/biotech-rebrands-ethzilla-raising-monster-425m-ethereum-treasury)

[5] Cryptonews – [https://cryptonews.com/news/180-life-sciences-rebrands-as-ethzilla-unleashes-425m-ethereum-treasury-raise/](https://cryptonews.com/news/180-life-sciences-rebrands-as-ethzilla-unleashes-425m-ethereum-treasury-raise/)

[6] Bankless – [https://www.bankless.com/read/https-www-theblock-co-post-364668-180-life-sciences-ethereum-treasury-ethzilla](https://www.bankless.com/read/https-www-theblock-co-post-364668-180-life-sciences-ethereum-treasury-ethzilla)

[7] Investing.com – [https://www.investing.com/news/company-news/180-life-sciences-to-raise-425-million-for-ethereum-treasury-strategy-93CH-4157767](https://www.investing.com/news/company-news/180-life-sciences-to-raise-425-million-for-ethereum-treasury-strategy-93CH-4157767)

[8] CoinCentral – [https://coincentral.com/180-life-sciences-corp-atnf-stock-surge-amid-bold-pivot-to-425m-ethereum-treasury-and-rebrand-to-ethzilla/](https://coincentral.com/180-life-sciences-corp-atnf-stock-surge-amid-bold-pivot-to-425m-ethereum-treasury-and-rebrand-to-ethzilla/)

[9] Benzinga – [https://www.benzinga.com/crypto/cryptocurrency/25/07/46696965/another-ethereum-treasury-play-180-life-sciences-raises-425-million-to-buy-eth](https://www.benzinga.com/crypto/cryptocurrency/25/07/46696965/another-ethereum-treasury-play-180-life-sciences-raises-425-million-to-buy-eth)