The U.S. publicly traded company 180 Life plans to raise approximately $425 million to transform into an Ethereum Treasury Reserve Company.

BlockBeats News, July 29, according to PR Newswire, the U.S. publicly traded company 180 Life Sciences Corp. (Nasdaq: ATNF) announced its transformation into an Ethereum treasury reserve company. The company plans to raise approximately $425 million through a private equity financing, and upon completion of the transaction, it plans to rebrand as ETHZilla Corporation.

The private equity financing investors include Harbour Island, Electric Capital, Polychain Capital, GSR, Omicron Technologies, and others.