{"id":39357,"date":"2025-07-29T14:35:44","date_gmt":"2025-07-29T14:35:44","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=39357"},"modified":"2025-07-29T14:35:44","modified_gmt":"2025-07-29T14:35:44","slug":"new-ether-treasury-firm-ethzilla-emerges-with-425m-funding-and-a-defi-twist","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=39357","title":{"rendered":"New Ether Treasury Firm &#8216;ETHZilla&#8217; Emerges With $425M Funding and a DeFi Twist"},"content":{"rendered":"<div>\n<p>Nasdaq-listed biotech firm 180 Life Sciences (ATNF) is set to rebrand as ETHZilla after securing $425 million in private funding to pivot toward an ether-focused treasury strategy.<\/p>\n<p>The transaction, structured as a private investment in public equity (PIPE), is expected to close by Aug. 1, the company said in a <a href=\"https:\/\/www.prnewswire.com\/news-releases\/180-life-sciences-announce-an-upsized-425-million-private-placement-to-establish-an-ether-treasury-reserve-led-by-consortium-of-digital-asset-leaders-to-launch-ethzilla-302516170.html\">press release.<\/a><\/p>\n<p>It\u2019s backed by sixty institutional and crypto-native investors, including Polychain Capital, Electric Capital, GSR, and founders of major Ethereum-based platforms like Lido, Frax and EigenLayer.<\/p>\n<p>The company plans to use the bulk of the funds to accumulate ether (ETH) as its core treasury asset and generate higher yields than with traditional staking.<\/p>\n<p>Electric Capital will serve as ETHZilla\u2019s external asset manager. The company will leverage its holdings through an on-chain yield generation program that combines staking, lending and liquidity provisioning.<\/p>\n<p>ETHZilla will also launch along with a \u201cDeFi Council\u201d made up of Etherealize and other DeFi players to offer the company input on how to better monetize its ETH treasury.<\/p>\n<p>&#8220;Our strategy at closing aims to allow investors to access exposure to a strong-yield potential ecosystem at the heart of the stablecoin and tokenized asset markets,&#8221; said McAndrew Rudisill, who is expected become chairman of the company after the deal&#8217;s closing. &#8220;We expect to assemble an incredible team of well-regarded veterans across traditional finance and decentralized finance (DeFi) to help guide this new chapter.&#8221;<\/p>\n<p>The firm joins a growing list of publicly-traded companies betting on ETH. These companies, coupled with DeFi treasuries, have accumulated a total of $9.5 billion worth of the cryptocurrency, equivalent to around 2% of its total supply, data from <a href=\"https:\/\/www.strategicethreserve.xyz\/\">StrategicEtherReserve<\/a> shows.<\/p>\n<p>180 Life Science\u2019s shares are down 7% after the opening bell to $2.69.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Nasdaq-listed biotech firm 180 Life Sciences (ATNF) is set to rebrand as ETHZilla after securing $425 million in private funding to pivot toward an ether-focused treasury strategy. The transaction, structured as a private investment in public equity (PIPE), is expected to close by Aug. 1, the company said in a press release. It\u2019s backed by [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-39357","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/39357","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=39357"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/39357\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=39357"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=39357"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=39357"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}