180 Life Sciences Corp., trading on Nasdaq as ATNF and known as "ETHZilla," has successfully closed a $425 million private placement aimed at advancing its Ethereum treasury strategy. The proceeds from this private investment in public equity transaction will primarily be used to increase the company's Ethereum holdings. This move marks a strategic shift for the company, which plans to execute a yield generation program for the Ethereum community. Additionally, the funds will support the company's legacy iGaming operations and efforts to monetize its biotechnology intellectual property assets. The private placement was led by Electric Capital and Harbour Island, with participation from notable institutional and cryptonative investors. 180 Life Sciences Corp. has also announced the appointment of McAndrew Rudisill as Chairman of the Board of Directors, along with two new Independent Directors.