ETHZilla Stock (ATNF): Skyrockets 206% After $349M Ethereum Bet

ETHZilla just stunned Wall Street—its massive Ethereum play sent shares soaring over 206%, with more upside in pre-market trading.

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ETHZilla, formerly known as 180 Life Sciences, made headlines on August 12, 2025. The company announced an innovative treasury strategy focused on Ethereum assets. Holding approximately 82,186 ETH valued at around $349M and $238M in cash, it has positioned itself as a notable player in corporate treasury management by leveraging blockchain assets.

Backed by a $425M PIPE funding and $156M in convertible notes, the infusion of capital has enhanced investor sentiment, particularly with a significant 7.5% investment from the Peter Thiel-affiliated Founders Fund.

The results were evident as…

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