Ethereum News Today: ETHZilla Becomes First Nasdaq Firm to Fully Shift to Ethereum Asset Management

ETHZilla Corporation, formerly known as 180 Life Sciences Corp., has completed a significant strategic shift by transitioning from the biotech sector to Ethereum asset management. On August 18, 2025, the firm officially changed its Nasdaq ticker to ETHZ, signaling its commitment to managing Ethereum assets as a core business operation [1]. This transition marks a pioneering move, as ETHZilla becomes the first Nasdaq-listed company to pivot entirely toward crypto asset management [2].

The company has raised $565 million through private placements and convertible bonds to support its new strategic direction. This capital infusion has attracted backing from over 60 institutional investors, including prominent names like Polychain Capital and Electric Capital [2]. With this funding, ETHZilla has acquired a substantial Ethereum holding of 94,675 ETH, valued at approximately $419 million, and plans to develop on-chain yield generation strategies [2].

The move has been highlighted as a potential game-changer in the Ethereum ecosystem. Analysts suggest that ETHZilla’s initiative could influence staking dynamics and liquidity flows, offering new perspectives on how publicly traded companies engage with Ethereum treasuries [2]. The firm's approach is being positioned as a significant development in institutional crypto adoption, with the potential to stimulate regulatory discussions around public-sector crypto treasury strategies [1].

Ethereum was trading at $4,346.60 on the day of the rebranding, with a market cap of $524.67 billion and a market dominance of 13.43%. The 24-hour trading volume stood at $48.35 billion, with a 73.73% change compared to the previous period. While the price had dropped 4.15% in the last 24 hours, it had shown positive gains over 30, 60, and 90-day periods [1].

ETHZilla’s strategy has been described as the largest public-sector Ethereum staking initiative by a Nasdaq-listed company, setting a new benchmark in the industry. As it moves forward with its asset management operations, the firm's activities are expected to closely influence market sentiment and institutional interest in Ethereum-based investments.

Source: [1] ETHZilla Corporation Transitions to Ethereum Asset Management Focus (https://coinmarketcap.com/community/articles/68a3261d0305013001d8e324/)