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Ethereum Treasury ETHZilla’s Holdings Surpass 102,000 ETH
NFT Gaming

Ethereum Treasury ETHZilla’s Holdings Surpass 102,000 ETH

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Ethereum treasury firm ETHZilla today announced a share buyback program of up to $250 million of its outstanding common stock. The company also revealed that it now holds more than 102,000 ETH on its balance sheet.

ETHZilla Increases Ethereum Holdings

According to today’s announcement, ETHZilla currently holds a total of 102,237 ETH at an average acquisition price of $3,948. Executive Chairman McAndrew Rudisill commented:

At ETHZilla, we continue to deploy capital to accelerate our Ethereum treasury strategy with discipline and record speed, As we continue to scale our ETH reserves and pursue differentiated yield opportunities, we believe an aggressive stock repurchase program at the current stock price underscores our commitment to maximizing value for shareholders.

ETHZilla’s Ethereum holdings are now valued at more than $489 million. This latest acquisition positions the company as the fourth-largest publicly traded firm with an Ethereum treasury.

Data from CoinGecko shows that digital assets mining firm Bitmine Immersion currently holds the largest in the world with more than 1.7 million ETH on its balance sheet. It is followed by SharpLink with more than 740,000 ETH in its crypto reserves.

Source: CoinGecko.com

Notably, ETHZilla still maintains close to $215 million in cash equivalents. Following today’s announcement, its shares rose 6% to trade above $3.50. Year-to-date, the stock is up over 92%.

Source: Yahoo! Finance

ETH Adoption Outshing Bitcoin Adoption?

While adding BTC as a part of the corporate treasury strategy has been a practice for a few years, seeing companies take the same approach with ETH has been the theme of 2025.

Compared to previous years, a wide range of companies began adding ETH to their treasuries this year. For instance, Nasdaq-listed SharpLink Gaming unveiled another major ETH purchase last week, bringing its total ETH holdings to over $3 billion.

Similarly, another publicly traded firm – BTCS Inc. said it had bought more than 14,500 ETH last week. Currently, BTCS Inc. is placed sixth in the list of publicly traded Ethereum firms, holding more than 70,000 ETH.

Another Nasdaq-listed software firm, GameSquare invested $5 million in ETH as part of its investment strategy. The firm aims to invest as much as $100 million in ETH and other digital assets.

The spillover effects of a strong corporate demand for ETH can also be seen in the performance of ETH-based crypto investment products. In July 2025, ETH-based investment products attracted total inflows worth $907 million.

Meanwhile, crypto pundits continue to give ambitious ETH price targets, with some as high as $10,000 ETH. At press time, ETH trades at $4,635, down 3.9% over the past 24 hours.

Ethereum trades at $4,635 on the daily chart | Source: ETHUSDT on TradingView.com

Featured image from Unsplash.com, charts from Yahoo! Finance, TradingView.com

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ETHZilla’s NASDAQ relaunch puts $419m Ethereum treasury in the spotlight
Crypto Trends

ETHZilla’s NASDAQ relaunch puts $419m Ethereum treasury in the spotlight

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The rebranded firm, now holding 94,675 ETH, is betting big on Ethereum’s long-term value, with backing from Polychain, Founders Fund, and key DeFi founders.

Summary

  • ETHZilla debuts on NASDAQ with a $419m Ethereum treasury, rebranding from biotech firm 180 Life Sciences.
  • Backed by Polychain, Founders Fund, and DeFi leaders, ETHZilla aims to be a major corporate ETH holder.

According to a press release dated August 18, ETHZilla Corporation has officially completed its rebranding and transition from biotech firm 180 Life Sciences to a dedicated Ethereum (ETH) treasury vehicle.

The company’s shares began trading under the new ticker “ETHZ” on the same day, marking a strategic shift toward accumulating and managing one of the largest corporate ETH holdings in public markets.

“Today, we are embracing our identity as ETHZilla and our commitment to developing a market-leading strategy that seeks to bring the value of Ethereum to investors in the public markets,” McAndrew Rudisill, Executive Chairman of the Board of Directors of the Company, said.

With 94,675 ETH acquired at an average price of $3,902 and now worth approximately $419 million, the move signals a growing institutional embrace of Ethereum as a treasury asset.

ETHZilla’s institutional backing and pivot into Ethereum

According to ETHZilla’s announcement, its treasury strategy is designed to leverage Ethereum’s dual role as both a store of value and a yield-generating asset. The company said it has partnered with Electric Capital to maximize returns through staking, DeFi lending, and liquidity provisioning, positioning the firm to benefit from Ethereum’s expanding utility beyond mere price appreciation.

The pivot from biotech to Ethereum treasury management came after ETHZilla raised $565 million in private funding, with backing from over 60 institutional and crypto-native investors.

The list features both a deep bench of both institutional capital and Ethereum-native builders. Polychain Capital, Electric Capital, and Peter Thiel’s Founders Fund anchor the institutional side, while key DeFi founders, including EigenLayer’s Sreeram Kannan, Lido’s Konstantin Lomashuk, and Compound’s Robert Leshner, lend credibility to the venture. Their participation suggests confidence not just in ETHZilla’s model, but in Ethereum’s long-term viability as a cornerstone of decentralized finance.

While ETHZilla’s treasury strategy dominates headlines, the company hasn’t abandoned its roots entirely. The company said its legacy biotech assets remain part of the portfolio, with plans to monetize intellectual property, and its gaming division continues to operate. This diversified approach could provide stability if crypto markets turn volatile, though the firm’s future now hinges on Ethereum’s performance.



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