Etzella restart on the Nasdaq Stock Exchange puts ETHEREUM treasury $ 419 million in the spotlight star-news.press/wp

The renamed company, which now bears 94,675 ETH, is betting on the long -term ETAREUM value, with the support of Polychain, Founders Fund, and the main Defi founders.

According to press release On August 18, Ethzilla Corporation has officially completed the brand renaming and moving from the Biotechnology Company 180 Life Sciences to the customized ETHEREUM (ETH).

The shares of the company began trading under the new “ETHz” index on the same day, which represents a strategic shift towards assembling and managing one of the largest ETH possessions in public markets.

“Today, we embrace our identity as Etzella and our commitment to developing a pioneering market strategy that seeks to bring the value of ETHEREUM to investors in public markets,” said Alexandrian Rodisel, CEO of the company’s board of directors.

With 94,675 ETH at an average price of 3,902 dollars and now at a value of $ 419 million, this step indicates an increased institutional embrace of ETHEREUM as the origin of the treasury.

Institutional support for ethzilla and its air in Ethereum

According to the ethzilla advertisement, its cabinet strategy is designed to take advantage of the double ETHEREUM role as a value of value and generated assets. The company said it has partnered with Electric Capital to increase revenues through lending, Defi loans, providing liquidity, and placing the company to take advantage of the expanded ETHEREUM benefit until after just estimating the price.

The axis of biotechnology to Ethereum Treasury Management came after Ethzilla collected $ 565 million in private financing, with support from more than 60 institutional investors and encrypted citizens.

The menu features a deep seat for both institutional capital and original builders. Polychain Capital, Electric Capital and Peter Thiel are fixed on the institutional side, while the main Defi founders, including Sreeram Kannan from EignLayer, Konstantin Lomashuk from Lido, and Robert Leshner from Combound, make credibility For the project. Their participation refers to confidence not only in the ethzilla model, but in the long -term ETHEREUM capacity as the cornerstone of decentralized financing.

While Etzella’s Treasury strategy dominates the main headlines, the company has not completely abandoned its roots. The company said that its ancient assets in the field of biotechnology are still part of the wallet, with plans to achieve income from intellectual property, and its gaming department is still working. This diverse approach can provide stability if the encryption markets become volatile, although the company’s future depends on the performance of ETHEREUM.