Ethzilla concrete brand change and debuts in Nasdaq with reservations in Ethereum

The company changed its name and now focuses its strategy on the management of reservations on Ethereum, counting about 94,657 Eth valued at USD $ 419 million.

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• Ethzilla completed his brand change and began to quote on Nasdaq With tickers Ethz and Ethzw.
• The company has more than 94,000 Eth, valued at USD $ 419 million.
• Among your investors are FOUNDERS FUND by Peter Thiel and signatures like Polychain Capital.

Ethzilla, company previously known as 180 Life Sciences Corp. (ATNF)today announced a brand change and its relaunch in the US stock market. With this transformation, The firm begins a new stage focused on providing direct exposure to Ethher (eth) Through public markets in the United States.

The company’s shares and public titles already quote Nasdaq Under the new symbols Ethz and Ethzw. This change represents a strategic transition that seeks The Block.

Millionaire Treasury in ETH and recent financing

Ethzilla He revealed that he currently manages approximately 94,675 Eth, equivalent to about USD $ 419 million. These acquisitions were financed thanks to a capital uprising of USD $ 565 million, composed of a private investment in public capital (Pipe) of USD $ 425 million and an offer of convertible notes for USD $ 156.25 million.

The average purchase price of your Eth Round the USD $ 3,900 per unit, a figure that is below the recent maximum of more than USD $ 4,700, according to market data. This margin gives the company a strategic space against market volatility.

A business model based on digital treasury

Ethzilla is part of the growing category of companies called “Digital Asset Treasury” (Dats). These entities collect capital specifically to acquire cryptocurrencies, offering investors indirect exposure to digital assets. The model follows the line drawn by companies that acquired large reserves of Bitcoin, but with a key difference: investment in assets based on Proof-of-stake (post), as Ethereum and Solanaallows generating additional income through staking and various decentralized finance strategies (Defi).

In the case of Ethzilla, The management of these assets is in the hands of Electric Capital, which has designed a performance generation program “On-chain” with the aim of overcoming the traditional benefits of staking in Ethereum.

Institutional investors and outstanding figures

More than 60 institutional and native investors of the crypto ecosystem participated in the operation Pipe of Ethzilla. Among them are Borderless Capital, GSR and Polychain Capital. The round also attracted renowned investor angels as Sreeram Kannan de Eigenlayer, Tarun Chitra de Gauntlet and Robert Leshner of Superstate.

Also, group co -founders Pro-Ethereum Etherealize, Danny Ryan, Grant Hummer and Vivek Raman, joined as sponsors. This allied network reinforces the company’s position within the Ethereum ecosystem.

One of the most notorious backup comes from FOUNDERS FUNDPeter Thiel investment fund, which recently acquired 7.5% participation in the company.

Perspectives and Message of the Directive

The executive president of the Board of Directors of Ethzilla, McAndrew Rudisill highlighted the magnitude of this new beginning. “We are launching this new brand and our treasury strategy with a significant market interest and valuable associations with prominent founders and leaders of the Ethereum ecosystem.”he said in a statement.

This step consolidates the trend of companies seeking to capitalize on the rise of Ethereum Not only as an investment asset, but also as a technological platform with the capacity to generate yields through mechanisms of Blockchain.

Written article with the help of an AI content editor, edited by Angel Di Matteo / Diariobitcoin

Original image of Diariobitcoin, created with artificial intelligence, for free use, licensed under public domain.

WARNING: Diariobitcoin offers informative and educational content on various topics, including cryptocurrencies, AI, technology and regulations. We do not provide financial advice. Cryptactive investments are high risk and may not be adequate for all. Investigate, consult an expert and verify the applicable legislation before investing. I could lose all its capital.

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