The ETHZilla NASDAQ debut has officially kicked off today, marking a significant rebrand from the former biotech firm 180 Life Sciences Corp (ticker $ATNF). Trading under the new symbol $ETHZ for common stock and $ETHZW for warrants, this Ethereum-focused treasury company is drawing eyes from investors worldwide as it blends blockchain innovation with Nasdaq’s regulatory framework.
The ETHZilla NASDAQ debut comes on the heels of a strategic pivot, where the company has amassed substantial Ethereum holdings to generate on-chain yields.
Backed by a $565 million raise through private investment in public equity (PIPE) and convertible notes, ETHZilla boasts support from influential figures like Peter Thiel and firms such as Polychain Capital, Electric Capital, and GSR.
This funding has enabled the acquisition of 94,675 ETH at an average price of $3,902.20 per token, now valued at around $419 million, alongside $187 million in cash reserves.
What Makes the ETHZilla NASDAQ Debut Stand Out?
This launch isn’t just a ticker change; it’s a bold statement on institutional crypto adoption. As Ethereum continues to evolve with upgrades like staking and layer-2 solutions, ETHZilla aims to leverage these for sustainable returns while adhering to SEC compliance.
Media outlets like Cointelegraph have highlighted the buzz, noting its potential to inspire more hybrid models in finance.
Key Facts from the ETHZilla NASDAQ Debut:
- Ethereum Portfolio: 94,675 ETH holdings worth $419 million, positioned for on-chain strategies.
- Financial Backing: $565 million raised, with cash reserves of $187 million for operational flexibility.
- Investor Confidence: Endorsements from Peter Thiel and top crypto VCs signal strong market faith.
- Trading Start: Effective August 19, 2025, on Nasdaq, transitioning from $ATNF.
Industry analysts speculate this could boost Ethereum’s demand amid broader institutional interest. However, volatility remains a factor, as crypto markets fluctuate. The ETHZilla NASDAQ debut raises intriguing questions: Could this spark a trend of crypto treasuries going public?
For more deep dives into the ETHZilla NASDAQ debut and crypto-finance trends, follow our MevX blog today.
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