Christian Angermayer Ignites ETHZilla Surge with 11.2% Stake

• Christian Angermayer’s 11.2% stake in ETHZilla boosts stock by over 90%
• ETHZilla builds Ethereum treasury worth $313 million amid strategic pivot

On August 12, 2025, The Block reported that Christian Angermayer acquired a 11.2% stake in ETHZilla, a move that caused the former biotech firm’s stock price to soar by over 90%. The company, previously known as 180 Life Sciences Corp., also announced a strategic shift to a Digital Asset Treasury (DAT) business model, which sparked pronounced market activity.

ETHZilla disclosed that it holds 82,186 Ether, which the company acquired at an average price of $3,806.71 for a total valuation of approximately $313 million. This treasury stake aligns with its new focus on generating shareholder value through on-chain yield strategies. In addition, the company reported $28 million in cash equivalents, underscoring its strong financial position.

Following the announcement of Angermayer’s investment, ETHZilla’s stock (ticker: ATNF) surged from its prior close of $3.25 to as high as $6.33. Other prominent investors, including Electric Capital and Polychain Capital, also backed the firm’s transition, signaling confidence in ETHZilla’s updated strategy.

Executive Chairman McAndrew Rudisill confirmed the company used over $310 million from a recent private placement to establish its Ethereum treasury, emphasizing that the move was designed to produce consistent cash flow for shareholders through a yield program managed by Electric Capital.

ETHZilla’s pivot reflects a broader trend among smaller public companies integrating cryptocurrency into their corporate treasuries. While Michael Saylor’s MicroStrategy paved the way with its Bitcoin-focused approach, ETHZilla is carving its niche with Ethereum.

According to market data, Ethereum (ETH) was trading at $4,220.76 as of 15:09 UTC on August 12, and its 24-hour trading volume had changed by 3.68%.