180 Life Sciences has completed a $425 million private sale and officially launched its ETH treasury strategy.

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[180 Life Sciences Completes $425 Million Private Sale and Officially Launches ETH Treasury Strategy] Nasdaq-listed company 180 Life Sciences Corp. (ETHZilla) announced the completion of a $425 million private sale and the official launch of its ETH treasury strategy, led by Electric Capital and Harbour Island, with participation from Borderless Capital, Polychain Capital, GSR, Omicron Technologies, Konstantin Lomashuk (co-founder of Lido and p2p.org), Sreeram Kannan (founder of Eigenlayer), Mike Silagadze (founder of Ether.fi), etc. The company stated that it will use the funds to purchase ETH, pay Money Laundering, provide certain cash rewards to some members of the management team and the board of directors, and support the company's existing iGaming business, among others.

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