Launch of ETHZilla: ETHZilla has launched as a Nasdaq-listed Ethereum treasury, holding 94,675 ETH valued at approximately $419 million, previously known as 180 Life Sciences Corp.
Partnership and Investment: The company partners with Electric Capital for asset management and has secured participation from over 60 institutional investors in a $425 million PIPE deal.
Impact on Ethereum Market: This launch positions ETHZilla among the largest on-chain treasuries, potentially increasing total value locked (TVL) in DeFi protocols and influencing Ethereum's market value through strategic accumulation.
Institutional Acceptance of Ethereum: ETHZilla's listing reflects growing institutional acceptance of Ethereum, similar to past corporate treasury models like MicroStrategy's Bitcoin strategy, with potential implications for DeFi integration and governance protocols.
