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Akanksha Bakshi

180 Life Sciences Extends Rally After Revealing $349 Million Ethereum Reserve

Life Sciences Ethereum

Ethereum,Virtual,Currency,On,Black,Screen

Shares of 180 Life Sciences Corp. (NASDAQ:ATNF) climbed Wednesday, extending the previous day's rally, after the company revealed it had accumulated more than $349 million in Ethereum (CRYPTO: ETH) as part of its revamped treasury strategy.

The company said it now holds 82,186 ETH, valued at about $349 million, following the launch of its Ethereum-focused plan in late July. Executive Chairman McAndrew Rudisill said more than $350 million in capital has been deployed since completing a PIPE transaction last week, adding that the ETH reserve will help fund an on-chain yield generation program managed by Electric Capital.

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