Peter Thiel-backed Ethereum treasury ETHZilla formally rebrands, now holds 94,675 ETH

Key Takeaways

ETHZilla has rebranded from 180 Life Sciences and can commerce below the tickers ETHZ and ETHZW on Nasdaq from August 18, 2025.
The corporate now holds 94,675 ETH, valued at over $405 million.

180 Life Sciences, an Ethereum treasury agency backed by Peter Thiel’s investor group, stated Monday it has formally rebranded as ETHZilla. The corporate is now listed on the Nasdaq Capital Market below the symbols “ETHZ” and “ETHZW.”

Discussing the corporate’s rebranding, Government Chairman McAndrew Rudisill stated the transfer was a part of ETHZilla’s plan to place itself as a high Ethereum treasury play.

“We’re embracing our identification as ETHZilla and our dedication to growing a market-leading technique that seeks to convey the worth of Ethereum to traders within the public markets,” stated Rudisill in an announcement.

ETHZilla at present holds 94,675 ETH value greater than $405 million at present market costs. That makes it the fifth-largest public firm holding Ethereum. It trails BitMine Immersion, SharpLink Gaming, Coinbase, and Bit Digital.

ETHZilla’s rebrand follows current non-public placement and convertible notice choices that generated roughly $565 million in gross proceeds. The PIPE drew participation from over 60 institutional and crypto-focused traders, together with Harbour Island, Electrical Capital, Polychain Capital, GSR, Borderless Capital, and Omicron Applied sciences, amongst others.

“We’re launching this new model and our new treasury technique with vital curiosity from the market and precious partnerships with distinguished Ethereum ecosystem founders and leaders,” Rudisill acknowledged.

ETHZilla has appointed Electrical Capital as its exterior asset supervisor to implement an on-chain yield program supposed to surpass typical ETH staking returns. The agency continues to function its iGaming enterprise and is pursuing alternatives to monetize its biotech IP portfolio.