ETHZilla Corporation Transitions to Ethereum Asset Management Focus

ETHZilla Corporation, formerly 180 Life Sciences Corp., officially changed its Nasdaq ticker to ETHZ on August 18, 2025, marking a shift to Ethereum asset management.

This move positions ETHZilla as a key player in Ethereum asset management, attracting significant institutional backing and potentially influencing market dynamics with its substantial Ethereum holdings.

ETHZilla Makes $565 Million Ethereum Strategy Shift

ETHZilla’s rebranding marks a pioneering pivot from biotech to crypto asset management, a first among Nasdaq-listed companies. The company, under its new name, adopted the ticker “ETHZ” and began operations targeting Ethereum treasury management. A capital influx of $565 million through private placements and convertible bonds, bolstered by over 60 institutional investors like Polychain Capital and Electric Capital, supports this venture.

This operational change involves a substantial Ethereum purchase, with ETHZilla holding 94,675 ETH valued at approximately $419 million. The corporation plans to devise on-chain yield generation solutions, reshaping how publicly traded companies view Ethereum management. Market observers highlight this move as potentially altering staking dynamics and liquidity flow within the Ethereum ecosystem.

ETHZilla’s transition to an Ethereum asset manager is a bold step that could redefine institutional engagement in the crypto space.

Unprecedented Public Sector Ethereum Staking by ETHZilla

Did you know? ETHZilla’s naming rebrand and asset shift represents the largest public-sector Ethereum staking strategy ever recorded for a Nasdaq-listed company, setting a new precedent within the industry.

Ethereum (ETH) was trading at $4,346.60 with a market cap of $524.67 billion, holding a 13.43% market dominance on August 18, 2025, according to CoinMarketCap. Trading volume reached $48.35 billion, reflecting a 73.73% change. The 24-hour price dropped by 4.15%, but gains were noted over the past 30, 60, and 90 days.

Research insights by Coincu indicate the strategic realignment by ETHZilla could propel new regulatory discussions on crypto treasuries within publicly traded firms. Ethereum’s investment dynamics, bolstered by institutional engagement, add layers of complexity to existing market relationships and offer new prospects for Treasury officials‘ crypto adoption decisions.