<div id="readability-page-1"><div>Shares of ETHZilla climbed more than 13% on Tuesday to around $3.91, their highest level in nearly a month, as the company formally changes its name to Forum in a shift away from its original ether acquisition strategy.ETHZilla, which emerged last year from the rebranding of biotech firm 180 Life Sciences, initially positioned itself as a publicly traded Ethereum accumulation vehicle. The firm raised $565 million in 2025 to build an ETH-focused digital asset treasury, with early backing from Peter Thiel and other prominent crypto investors.While the move comes alongside a broader crypto rebound, with Ethereum rising roughly 12% on the day to reclaim the $2,000 level, ETH has lost over 50% in value since the firm started buying last August. This has pushed ETHZilla to tweak its strategy in that time.Changing strategiesIn October, the company sold about $40 million worth of ETH as part of a $250 million stock repurchase plan. In December, it sold an additional 24,291 ETH, valued at roughly $74.5 million at the time, to redeem senior secured convertible notes, signaling a shift away from aggressive accumulation.Earlier this month, ETHZilla expanded its real-world asset ambitions, acquiring a $4.7 million portfolio of 95 manufactured and modular home loans.The firm plans to tokenize the loans on an Ethereum Layer 2 network, targeting an annualized yield of over 10%. It has also purchased two CFM56-7B24 aircraft engines for tokenization through Liquidity.io, an SEC-regulated alternative trading system.Management has said future value will be driven by revenue and cash flow from its RWA tokenization platform, rather than crypto-centric metrics such as multiple of net asset value, or mNAV.The stock remains sharply below last August’s peak above $100, when news of Thiel’s backing sent shares soaring. Thiel and affiliated Founders Fund entities have since exited their position, according to a recent SEC filing.ETHZilla still holds 69,802 ETH according to The Block data, worth roughly $145 million, making it the sixth-largest corporate holder of Ethereum.Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. </div></div>

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Shares of ETHZilla surged over 13% to $3.91 following its rebranding to Forum, marking a strategic shift from its original focus on Ethereum accumulation. The company, which raised $565 million in 2025, has sold significant amounts of ETH to adjust its strategy, including a $40 million sale in October and another $74.5 million in December. ETHZilla is now focusing on tokenizing real-world assets, including a $4.7 million portfolio of home loans and aircraft engines, aiming for a yield above 10%. Despite the recent stock rise, shares remain significantly below last year's peak of over $100.

- Shares of ETHZilla increased by over 13% to approximately $3.91 as the company rebranded to Forum and shifted from its ether acquisition strategy.  
- The firm raised $565 million in 2025 for an ETH-focused treasury, but has since sold significant amounts of ETH and pivoted towards real-world asset tokenization to drive future value.  
- ETHZilla still holds 69,802 ETH, valued at around $145 million, making it the sixth-largest corporate holder of Ethereum despite the substantial decrease in crypto value since its inception.

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ETHZilla stock climbs on Forum rebrand as firm pushes further into tokenized assets