ETHZilla shares climbed 13% on Wednesday after the corporate modified its title to Discussion board as a part of plans to ditch its crypto treasury technique and turn out to be a tokenization firm.
The corporate mentioned on Wednesday that it has up to date its company title and model to Discussion board Markets and can do enterprise as Discussion board. ETHZilla may also change its ticker image to “FRMM” as of market open on Monday, pending Nasdaq approval.
The corporate mentioned the rebrand is the subsequent step in its transition right into a platform “connecting conventional capital markets with blockchain-based monetary infrastructure.”
“Discussion board embodies our perception that the subsequent era of economic markets might be constructed round institutional-grade, on-chain merchandise backed by actual property, ruled by transparency, and delivered by means of regulated infrastructure,” mentioned the corporate chair and CEO, McAndrew Rudisill.
ETHZilla shares climb 13% on rebrand
Shares in ETHZilla (ETHZ) ended buying and selling on Wednesday up greater than 13% to $3.91 and have traded flat after hours, recovering from a slight dip.
Its inventory is down over 20% to this point this yr as a large crypto market rout has hit shares tied to digital property.
ETHZilla was a biotech firm referred to as 180 Life Sciences that adopted the ETHZilla model and began shopping for and holding Ether (ETH) in July 2025 amid peak hype round crypto treasury corporations.
Associated: Peter Thiel’s Founders Fund dumps ETHZilla stake as ETH treasuries face stress
Its crypto treasury pivot despatched its shares hovering to a multi-year excessive of $107 by August, as ETH climbed to only below $4,950 across the similar time, however a crypto market rout has since decimated its share value, together with these of its crypto-buying rivals.
As Wall Avenue largely moved on from crypto treasuries and started to again tokenization corporations, Rudisill introduced in December that ETHZilla would pivot to bringing “real-world property (RWA) on-chain by means of tokenization.”
The corporate has bought two industrial jet engines leased to what it mentioned is a “main US air service,” and started providing a token tied to the engines earlier this month referred to as Eurus Aero Token I.
ETHZilla presently holds 69,802 ETH value $143.7 million on the cryptocurrency’s present value of $2,060, making it the seventh-largest company holder of the asset, per CoinGecko.
Journal: Bitcoin’s ‘largest bull catalyst’ can be Saylor’s liquidation — Santiment founder