180 Life Sciences to raise $425M, rebrand as ETHZilla to launch Ethereum treasury strategy

15 hours ago 1

180 Life Sciences (NASDAQ:ATNF) has entered into a $425M PIPE agreement to fund a next-generation Ethereum treasury strategy.
Following the transaction’s expected close on or around August 1, 2025, the company will rebrand as ETHZilla Corporation.
Net proceeds will primarily be used to purchase ETH, with remaining funds allocated to corporate purposes and transaction costs.
Over 60 institutional and crypto-native investors are participating, including Electric Capital, Polychain, GSR, and Ethereum ecosystem leaders.
ATNF shares fall 7.2% on Tuesday.
Source: Press release

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