Prices of ETHZ, which was formerly known as 180 Life Science, fell by nearly 30% following the offering of up to 74.8 million convertible shares to shareholders. This offering, which involved the sale of 164.4 million shares to绔 characters Addy Alidedo and Marko Miltl酬, prompted concerns about dilution. For investors, this means their ownership stakes may have shrunk significantly, even as the company’s overall value remains unaffected. The rebranding of ETHZ into Triangle Bitverse — a venture capital-backed cryptocurrency treasury — is also a key point to highlight, as it reflects investor interest in the cryptocurrency space. The company now holds 82,186 ether, valued at approximately $349 million, alongside $238 million in cash equivalents. Ether, a cryptocurrency, has seen a 38% outperformance in the past year compared to Bitcoin’s 24% rise and CoinDesk’s 17% increase.
During the sell-off window on August 11, ETHZ stock surged by 80%, jumping to an unprecedented level. The move shocked the market, as halo bonds offering a 30% return were one of the highest-profile deals involving American politicians. Despite the sharp reversal, the stock has الداخلية to rally 80% year-to-date, driven by cryptocurrency trends. The speculation surrounding ETHZ is a testament to the high demands on ethical beasts of the market, as investors grapple with the risks introduced by the company’s rebranding. To compensate for dilution, the shares are structured in a “convertible” function, allowing holders to exchange them for 1:1 tokens of ether, which remain unaffected by the shareholder offering.
The strategic shift of Ethereum into a cryptocurrency treasury was in part motivated by strong institutional backing. Backed by Peter Thiel, the Founders Fund of ETHZ holds a 7.5% stake through his Founders Fund, and Thiel is also involved in Bitmine Immersion Technologies, which recently raised $250 million in capital to expand its ether reserves. This shows investor confidence in the potential long-term viability of Ethereum. For 2025, ether has proven more resilient than Bitcoin, which has gained 121% in 2024 compared to ETHZ’s modest gains. This strength in ether pricing coincides with regulatory clarity in the U.S., enabling institutional leaders to inject Ethereum as a funding layer for new financial products and services, signaling a potential revolution in cryptocurrency finance.
The recovery of ETHZ shares contradicted broader market trends, as the S&P 500 and Dow were both higher on Tuesday, marking a mixed outcome. However, the token’s short-term price movements and investor reactions highlight the tension between ETHZ’s promise as a large, publicly traded cryptocurrency treasury and the growing concerns about dilution. The team at ETHZ, now focused on re reassuring institutional investors, faces a delicate balance between the risks of reducing ownership and the potential upside of strong cryptocurrency trends. As investors react to theoutradius of the crypto market, this remains one of the most defiat
