- ETHZilla shifted its business strategy to focus on Ethereum, making it one of the top public holders of Ether.
- The company now holds over 102,000 Ether tokens, making it the eighth-largest public Ether treasury globally.
- CEO McAndrew Rudisill stated the firm aims to acquire as much Ether as possible and to invest in Ethereum’s Layer 2 protocols for higher returns.
- The company’s market value rose after the transition, with stock prices climbing 44% so far this year.
- Rudisill expects more companies and governments to enter the digital asset sector as financial systems modernize.
ETHZilla Corporation, formerly a biotechnology firm, made a full pivot to Ethereum in July after noting the cryptocurrency’s role in the expanding global remittance market. The move followed the signing of the GENIUS Act by President Donald Trump, which set new regulations for stablecoins.
According to CEO McAndrew Rudisill, the company now holds over 102,000 Ether (ETH) tokens and ranks as the eighth-largest public Ether treasury worldwide. ETHZilla’s strategy involves acquiring significant amounts of Ether and investing in Layer 2 blockchain protocols to boost yields beyond standard staking returns.
“Ethereum is effectively a gateway for money supply globally to transmit in US dollars”, Rudisill told Cointelegraph. He added, “We are taking the cash from the Ether to be deployed to buy more and effectively help further build out the L2 network, because that’s ultimately what’s going to allow Ethereum to expand.”
ETHZilla’s transformation came after years of losses as a biotechnology firm under the name Life Sciences Corp. The company rebranded and began accumulating Ether as its main asset. Rudisill stated there is no fixed target for the company’s ETH holdings, saying, “We want to be that bridge between what’s going on with traditional finance and what’s going on in the digital finance world. So having a lot of Ethereum helps us to do that.”
Ether is trading around $4,148 according to CoinGecko and has moved between $3,846 and $4,226 in the last week. As reported by Rudisill, the value of Ether could increase significantly if stablecoin adoption grows further. The company’s pivot has boosted its stock value, registering a 44% gain for the year.
Other Ether treasury companies collectively hold about 5.5 million ETH, or 4.54% of the total supply. Rudisill sees more firms moving into Ether, though he highlighted the need for strong business models to ensure survival. He also suggested that governments may become more active in the crypto space to keep up with evolving financial technologies, noting, “There’s a general acceptance that the financial infrastructure that we have in a lot of places is antiquated… and if they don’t sort of get involved in what’s going on with digital assets, then they’re going to get left behind.”
ETHZilla now positions itself not just as a crypto treasury but as a developer of Layer 2 blockchain solutions, holding over $1 billion in assets and aiming for long-term technology growth. For more data on Ethereum holdings, visit StrategicEtherReserve.
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