ETHZilla, formerly a biotechnology firm, has pivoted to focus on Ethereum, becoming the eighth-largest public Ethereum treasury globally. CEO McAndrew Rudisill announced the shift after recognizing Ethereum's potential in the global remittance market. The company, which rebranded from Life Sciences Corp in July, now holds over 102,000 Ether tokens.
Rudisill emphasized Ethereum's role as a gateway for global money supply and its applications in real-world assets. ETHZilla aims to acquire as much Ether as possible to leverage layer-2 protocols for higher yields. The company sees itself as a bridge between traditional and digital finance, with a focus on long-term technology development.
Since its pivot, ETHZilla's stock has gained 44% year-to-date, reflecting its strategic shift towards building a cash-flow generating layer-2 protocol business. Rudisill predicts Ether's price could reach $20,000, driven by stablecoin growth and infrastructure demand.
ETHZilla Bets Big on Ethereum, Becomes Eighth-Largest Ether Treasury
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.