Peter Thiel-backed Ethereum treasury ETHZilla officially rebrands, now holds 94,675 ETH
Key Takeaways
- ETHZilla has rebranded from 180 Life Sciences and will trade under the tickers ETHZ and ETHZW on Nasdaq from August 18, 2025.
- The company now holds 94,675 ETH, valued at over $405 million.
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180 Life Sciences, an Ethereum treasury firm backed by Peter Thiel’s investor group, said Monday it has officially rebranded as ETHZilla. The company is now listed on the Nasdaq Capital Market under the symbols “ETHZ” and “ETHZW.”
Discussing the company’s rebranding, Executive Chairman McAndrew Rudisill said the move was part of ETHZilla’s plan to position itself as a top Ethereum treasury play.
“We are embracing our identity as ETHZilla and our commitment to developing a market-leading strategy that seeks to bring the value of Ethereum to investors in the public markets,” said Rudisill in a statement.
ETHZilla currently holds 94,675 ETH worth more than $405 million at current market prices. That makes it the fifth-largest public company holding Ethereum. It trails BitMine Immersion, SharpLink Gaming, Coinbase, and Bit Digital.
ETHZilla’s rebrand follows recent private placement and convertible note offerings that generated roughly $565 million in gross proceeds. The PIPE drew participation from over 60 institutional and crypto-focused investors, including Harbour Island, Electric Capital, Polychain Capital, GSR, Borderless Capital, and Omicron Technologies, among others.
“We are launching this new brand and our new treasury strategy with significant interest from the market and valuable partnerships with prominent Ethereum ecosystem founders and leaders,” Rudisill stated.
ETHZilla has appointed Electric Capital as its external asset manager to implement an on-chain yield program intended to surpass conventional ETH staking returns. The firm continues to operate its iGaming business and is pursuing opportunities to monetize its biotech IP portfolio.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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