Ethereum Surges to $4,400, 180 Life Sciences Stock Rises 132% Amid Rebranding to ETHZilla Corporation

180 Life Sciences Corp (ATNF) shares are surging after the company announced an Ethereum treasury strategy, accumulating 82,186 ETH valued at $349 million. Ethereum is up 3.38% to $4,431, a 24% increase over the past week. The company plans to rebrand as ETHZilla and pursue a differentiated yield generation program. ATNF shares are up 132.04% to $7.645.

July 2, 2025

180 Life Sciences Corp (ATNF) shares are experiencing significant gains today following the company's announcement of an Ethereum (ETH) treasury strategy. The company has accumulated 82,186 ETH, valued at approximately $349 million, as part of its new treasury strategy [1]. The move comes as Ethereum has seen a 3.38% increase to $4,431 over a 24-hour period, marking a 24% increase from the previous week [1].

The company plans to rebrand as ETHZilla Corporation and aims to become a benchmark for on-chain treasury management among public companies [1]. This strategy involves a differentiated yield generation program designed to outperform traditional ETH staking, facilitated through a partnership with crypto-focused venture capital firm Electric Capital [1]. The company believes this reserve of ETH will unlock cash flow for shareholders through its on-chain yield generation program [1].

At the time of publication, ATNF shares were up 132.04% to $7.645 [1]. The stock has also seen a year-to-date increase of 83.52% and a 91.95% rise over the past 12 months [2]. The recent announcement has led to heavy trading, with approximately 33 million shares changing hands today compared to a three-month average of about 4.78 million units [2].

In addition to its ETH holdings, 180 Life Sciences currently has approximately $238 million in cash and cash equivalents [1]. The company's treasury strategy is part of its broader evolution from a biotechnology company to a software-enabled gaming and entertainment enterprise [1].

References:
[1] https://www.benzinga.com/trading-ideas/movers/25/08/47066558/180-life-sciences-atnf-stock-is-surging-tuesday-as-ethereum-crosses-4400-whats-going-on
[2] https://www.tipranks.com/news/180-life-sciences-stock-atnf-rockets-80-on-350m-ethereum-purchase