180 Life Sciences Secures $156.25M in Convertible Notes
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180 Life Sciences has secured $156.25 million in senior secured convertible notes through a Securities Purchase Agreement with an institutional investor. The funds will be used to expand the company's Ethereum holdings as part of its new treasury strategy, enhancing its balance sheet and market positioning. The company, also known as ETHZilla, is transitioning towards software-enabled gaming and aims to set a benchmark for on-chain treasury management among public companies.
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