ETHZilla Announces 1-for-10 Reverse Stock Split to Lift $ETHZ Share Prices

Ethereum treasury firm ETHZilla is consolidating its stock, executing a 1-for-10 reverse split to reduce share count and push its Nasdaq-listed price above $10 in a move aimed at attracting institutional investors.

What’s the Scoop?

• Reverse Split Incoming: ETHZilla (ticker: ETHZ) will execute a 1-for-10 reverse stock split on October 20, reducing the number of outstanding shares in circulation by a factor of ten.
• Targeting Institutions: The reverse split, which will raise ETHZ share prices above $10, is framed as making the stock eligible for investment by mutual funds and large financial institutions with price threshold requirements.
• No Listing Pressure: ETHZilla stressed that the move is not tied to Nasdaq compliance guidelines, which impose delisting for stocks that trade under $1 for 30 consecutive business days.
• Rebrand and Backing: Formerly 180 Life Sciences Corp., ETHZilla rebranded in August as an ETH treasury company after securing support from Peter Thiel’s Founders Fund.
• Market Reaction: ETHZ shares tanked nearly 20% during pre-market trading on the reverse split announcement and finished the day at $1.83, down 4.69% from the prior day's close.
• Deep Crypto Integration: ETHZilla now holds over 100,000 ETH and actively engages in DeFi strategies, with allocations to onchain protocols like EtherFi and Puffer.