ETHZilla has officially launched its new brand, with a total holding of 94,675 ETH.

On August 18th, as per official channels, ETHZilla Company (traded on NASDAQ: ETHZ) announced the formal launch of a new brand today. This marks a significant step in the company's transformation towards an Ethereum strategic reserve. The formerly known 180 Life Sciences Corp will shift its main non-traditional business to establish an Ethereum (ETH) reserve platform that is "owned and served by the community." Commencing immediately, the company's common stock and public warrants will trade on Nasdaq under the new ticker symbols "ETHZ" and "ETHZW" respectively. Meanwhile, the original ticker symbols "ATNF" and "ATNFW" will be discontinued simultaneously, and shareholders do not need to take any action regarding this transformation. After successfully completing a $425 million private investment in public equity (PIPE) through common stock and pre-funded warrants, and a $156.25 million convertible note issuance, the company has amassed 94,675 ETH at an average purchase price of $3,902.20, which is currently valued at approximately $419 million. Additionally, ETHZilla also holds around $187 million in cash equivalents.