# ETHZilla Completes Its Nasdaq Rebrand

*Author: Bankless*
*Published: Aug 18, 2025*
*Source: https://www.bankless.com/read/ethzilla-completes-its-nasdaq-rebrand*

---

Nasdaq-listed ETHZilla officially wrapped its corporate rebrand on Monday, cementing its pivot from biotech to becoming one of the latest Ethereum treasury firms.

### What’s the Scoop?
- **New Tickers:** The company’s stock now trades under ETHZ, with public warrants under ETHZW.
- **Treasury Size:** ETHZilla disclosed holdings of 94,675 ETH worth around $419 million, acquired at an average of $3,900 per token. The war chest came from a $425 million PIPE deal and a $156.25 million convertible note, raising $565 million total.
- **Treasury Model:** ETHZilla joins the growing wave of digital asset treasury (DAT) firms, similar to bitcoin-only giant Strategy, but with the added yield potential of proof-of-stake assets like Ethereum.
- **Investor Backing:** Over 60 investors participated, including Electric Capital, Polychain, Borderless Capital, GSR, and high-profile angels from Eigenlayer, Gauntlet, and Superstate. Peter Thiel’s Founders Fund recently grabbed a 7.5% stake.
- **Yield Strategy:** Electric Capital is managing the treasury with an “onchain yield generation program” aiming to outperform vanilla ETH staking returns.
---

*This article is brought to you by [MetaMask](https://www.bankless.com/sponsor/metamask-1776260643?ref=read/ethzilla-completes-its-nasdaq-rebrand)*