ETHZilla’s NASDAQ relaunch puts $419m Ethereum treasury in the spotlight

The renamed company, now holding 94,675 ETH, bets large on the long -term value of Ethereum, with the support of Polychain, the founders and founders of Keys.

According to a press release As of August 18, Ethzilla Corporation officially completed its brand change and its transition from the Biotechnological Society 180 Life Sciences to a dedicated Ethereum (Ethn) Treasury vehicle.

The actions of the company began to negotiate themselves under the new “Ethz” ticker on the same day, marking a strategic transition to the accumulation and management of one of the largest ashs of ETH ashs on public procurement.

“Today, we adopt our identity as an ethzilla and our commitment to develop a advanced strategy that seeks to bring the value of Ethereum to investors on public procurement,” said Mcandrew Rudisill, executive president of the company’s board of directors.

With 94,675 ETH acquired at an average price of $ 3,902 and worth around 419 million dollars, the move indicates an increasing institutional adoption of Ethereum as a treasury ratio.

The institutional support of Ethzilla and Pivot in Ethereum

According to Ethzilla’s announcement, its cash strategy is designed to take advantage of the double role of Ethereum as a reserve of value and an active generator. The company said that it had associated itself with Electric Capital to maximize yields through stimulation, deficiency loans and liquidity provisioning, positioning the company to benefit from the expansion of Ethereum beyond the simple assessment of prices.

The Biotech pivot in Ethereum Treasury Management came after Ethzilla raised $ 565 million in private funding, with support of more than 60 institutional and crypto-native investors.

The list includes both a deep bench of institutional capital and native manufacturers Ethereum. Polychain Capital, Electric Capital and Peter Thiel’s Founders Fund anchors the institutional side, while the key founders DEFI, notably Sreeram Kannan de Eigenlayer, Konstantin LOMASHUK from Lido and Robert Leshner de Compound, bring credibility to the company. Their participation suggests confidence not only in the ethzilla model, but in the long -term viability of Ethereum as the cornerstone of decentralized finance.

While the Strategy of the Treasury of Ethzilla dominates the headlines, the company has not completely abandoned its roots. The company said that its inherited biotechnological assets were part of the portfolio, with the intention of monetizing intellectual property, and that its game division continues to operate. This diversified approach could ensure stability if the cryptographic markets become volatile, although the future of the company now depends on the performance of Ethereum.