ETHZilla has officially launched its new brand, with a total holding of 94,675 ETH.
BlockBeats News, August 18th, according to official sources, ETHZilla Company (NASDAQ: ETHZ) today announced the official launch of a new brand, marking a key step in the company's transition to an Ethereum strategic reserve. This company, formerly known as 180 Life Sciences Corp, will shift its main non-traditional business to build an Ethereum (ETH) reserve platform that is "community-owned and community-serving." Effective immediately, the company's common stock and public warrants will trade on Nasdaq under the new tickers "ETHZ" and "ETHZW," respectively, while the original tickers "ATNF" and "ATNFW" will be simultaneously discontinued, and shareholders do not need to take any action regarding this change.
Following the successful completion of a $425 million common stock and pre-funded warrant private investment in public equity (PIPE) and a $156.25 million convertible note issuance, the company has accumulated 94,675 ETH at an average purchase price of $3,902.20, currently valued at approximately $419 million. Additionally, ETHZilla also holds approximately $187 million in cash equivalents.
You may also like

Perp DEX: The Next Generation Exchange "War"

10 Counterintuitive Insights on Latin American Payments

The AI gamble of mining companies: Valuations enter a phase of differentiation, and it's hard to turn the tide

A letter from Alliance to entrepreneurs: Written on the occasion of Cursor selling for 60 billion dollars

Stablecoins Finally Find Real Returns: On-Chain Reinsurance Re Explained | Interview with Re Founder Karan Saroya

The impossible triangle is simply a pseudo problem

Will MicroStrategy fall into a death spiral? What will the macro trend be in the second half of the year?

Blockchain Capital Partner: The Core Secret of Arbitrage

STRC unanchored by 11%, can the perpetual motion machine of Strategy still operate?

Bitcoin Market Analysis 2026: Can BTC Reach $150K by Year-End?

Bitcoin ETF Outflows Hit a Record $4.4 Billion: What Are Traders Doing With Their Cash?

WEEX App Just Got Smarter – New Tabs for Faster Trades & Easy Asset Management

WEEX All-New Search Features: Find, Trade & Earn Faster Than Ever

Morning Report | Illinois signs the strictest digital asset tax law in the U.S.; RWA tokenization market size surpasses $43 billion, institutions accelerate the migration of on-chain assets

Full version of the debut Q&A! Federal Reserve Chairman Waller: Sticking to the 2% inflation target, establishing five special working groups, individual did not submit the dot plot

From Disruptor to Shadow Market: The Crypto Market is Becoming a Colony of Traditional Finance

Dalio's important long article: How to position in the current market environment?

