ETHZilla Rebrands From 180 Life Sciences, But Stock Sinks 4% In After-Hours Trading: Here’s Why

Shares of the newly branded ETHZilla Corp. (NASDAQ:ETHZ) sank over 4% in Monday’s after-hours trading amid a dip in Ethereum (CRYPTO: ETH), its primary treasury asset.

ETHZ shares are sliding after hours. Get the update here.

Shaky Start For The ETH ‘Proxy’ Stock

ETH fell from $4,380 to $4,290 in the evening, potentially hurting the company’s value, which pivoted to an Ethereum treasury strategy earlier this month.

A New Chapter For 180 Life Sciences

ETHZilla, formerly 180 Life Sciences Corp., adopted its new brand and began trading under the ticker “ETHZ,” according to a press release. The company said it would commit a “significant” part of its non-legacy operations to accumulate ETH for …

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