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Stock impact report

From Lab Bench to Blockchain: How Biotech is Reinventing Funding [Globe and Mail, The (Toronto, Canada)]

ETHZilla Corporation (ETHZ) 
Many companies, including early-stage biotech companies, are searching for ways to capitalize on Ethereum (or other cryptocurrencies) as part of next-gen sustainable funding models. In the case of biotech, some are early adopters pairing drug pipelines with digital asset exposure to strengthen their balance sheets and reduce dependence on traditional financing. To see the ETH/BTC strategy in effect, it helps to examine a few companies implementing bold moves to build investor value. ETHZilla (Nasdaq: ETHZ) recently raised around $425 million via a private placement, and an additional $156 million via convertible notes to fuel its Ethereum treasury strategy. A biotech not long ago known as 180 Life Sciences (seeking to monetize its legacy biotech assets), ETHZ is now a technology company in the decentralized finance industry seeking to connect financial institutions, businesses and organizations worldwide by enabling secure, accessible blockchain transactions through Ethereum Netwo Show less Read more
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