- ETHZilla raises $156M for Ethereum acquisition in a private offering.
- Company aims to enhance its Ethereum treasury strategy.
- ETHZilla plans to leverage on-chain yield programs with Electric Capital.
ETHZilla, formerly 180 Life Sciences, secured $156 million through convertible notes to enhance its Ethereum treasury strategy as of August 12, 2025.
This move positions ETHZilla as a key institutional Ethereum player, potentially influencing market dynamics and investor sentiment on Ethereum’s valuation.
ETHZilla, previously known as 180 Life Sciences, raised $156 million through a private offering of convertible notes to expand its Ethereum holdings. The offering, which concluded on August 8, 2025, signifies a strategic pivot towards Ethereum treasury operations. ETHZilla’s Executive Chairman, McAndrew Rudisill, disclosed that over $350 million in capital has been deployed since a PIPE transaction the previous week. Peter Thiel’s stake reflects institutional interest, providing significant support.
The new funding is likely to create positive market demand for Ethereum, impacting its price trajectory. Staking programs, managed by Electric Capital, may bring additional scrutiny to Ethereum’s supply dynamics and institutional roles in cryptocurrency. The firm’s large ETH position could introduce volatility but also showcase confidence in Ethereum. With 82,186 ETH now held, ETHZilla is positioned as a notable institution in the crypto landscape, mirroring historical corporate crypto acquisitions.
McAndrew Rudisill, Executive Chairman, ETHZilla, “At ETHZilla we have put over $350 million in capital to work since the PIPE transaction we completed last week, and have executed on our strategy to rapidly build a differentiated Ethereum treasury vehicle. Importantly, we believe that this reserve of ETH will unlock cash flow for our shareholders as we seek to deliver on our on-chain yield generation program through our external asset manager Electric Capital.”
Given these developments, ETHZilla’s actions might encourage similar strategies in the Ethereum sphere. Companies could follow suit, amplifying Ethereum’s role in corporate treasuries. Data suggests substantial bullish impacts akin to Bitcoin’s past corporate adoption. As the regulatory environment grows increasingly attentive, ETHZilla ensures transparency with the transaction officially filed with the SEC. Forward-looking statements emphasize strategic control and potential market influence from validated treasury behavior.
