AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
Ethereum Surges to $4,400, 180 Life Sciences Stock Rises 132% Amid Rebranding to ETHZilla Corporation
ByAinvest
Tuesday, Aug 12, 2025 12:24 pm ET1min read
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, 2025180 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
Ainvest News articles are AI-generated using advanced large language model (LLM) technology designed to analyze and synthesize publicly available data and news. While AI tools assist in producing initial drafts and insights, all AI generated content published on Ainvest is subject to comprehensive human editorial review before publication. A designated human editor reviews, verifies, and approves each article for factual accuracy, coherence, and compliance with AInvest Fintech Inc’s editorial and disclosure standards.
Despite these review procedures, the information provided may still contain inaccuracies, incomplete data, or time sensitive references due to the inherent limitations of AI generated analysis and evolving changes. The material is provided strictly for informational and educational purposes and does not constitute personalized investment, legal, or financial advice. Readers should independently verify all facts, figures, and statements before making any decision based on this content.
AInvest Fintech Inc. its affiliates, and partners accept no liability or responsibility for any direct or consequential losses arising from reliance on this content. All articles and analyses are subject to revision, update, or removal without prior notice to maintain accuracy and integrity in our publications.
Comments
No comments yet