ETHZilla to rebrand as Forum, changing its ETH accumulation strategy

Shares of Nasdaq-listed ETHZilla (ETHZilla) surged more than 13% after the company announced it is rebranding to Forum. According to The Block, the firm previously changed its name from 180 Life Sciences to ETHZilla last year, pivoting to become an Ethereum accumulation investment company. However, the company explained that it is now changing its strategy after the value of Ethereum fell by more than 50% since ETHZilla began its purchases last August. ETHZilla is known to hold 69,802 ETH, worth approximately $145 million, making it the sixth-largest corporate holder of the cryptocurrency.