180 Life Sciences (NASDAQ:ATNF) is the latest public company to adopt Ethereum (CRYPTO: ETH) as its primary treasury asset.
What Happened: The company announced a $425 million private placement led by more than 60 institutional and crypto-native investors.
The raise, structured as a PIPE (Private Investment in Public Equity), is expected to close around August 1, after which the company will officially rebrand as ETHZilla Corporation.
Funds from the raise will be used primarily to purchase Ethereum and support operational growth. The major …