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Biotech company 180 Life Sciences is rebranding as ETHZilla and raising $425 million to establish an Ethereum treasury. The firm aims to leverage Ethereum’s financial ecosystem for yield generation, following the trend of crypto-native treasury strategies.
- ETHZilla plans to raise $425M via PIPE offering at $2.65/share to fund Ethereum treasury.
- Partnership with Electric Capital aims for 3-10% yield via on-chain strategies.
- Stock (ATNF) surged 10% despite being down 99.91% from all-time high.
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