180 Life Sciences Corp. Transitions to Ethereum Treasury Reserve Company

According to PANews, U.S.-listed company 180 Life Sciences Corp. (NASDAQ: ATNF) has announced its transformation into an Ethereum treasury reserve company. The company plans to raise approximately $425 million through private equity financing. Upon completion of the transaction, the company will be renamed ETHZilla Corporation. Investors in the private equity financing include Harbour Island, Electric Capital, Polychain Capital, GSR, and Omicron Technologies. Following the transaction, Electric Capital will serve as the company's external asset manager. The firm intends to implement a differentiated on-chain yield generation strategy. This strategy aims to surpass traditional Ethereum staking while maintaining robust risk management. It seeks to integrate staking, lending, liquidity allocation, and customized private agreements.