ETHZilla is Turning into Forum Markets: Stock Rises 13%

ETHZilla‘s share rose after the tokenization pivot. Source: Google FinanceETHZilla’s ETH Treasury and Institutional Position

ETHZilla, previously a biotechnology company called 180 Life Sciences, began acquiring Ether (ETH) after rebranding to ETHZilla in July 2025. The company still holds 69.802 ETH (worth approximately $143.7 million), making it the seventh largest institutional ETH holder according to CoinGecko data. This strengthens the institutional accumulation trend we highlighted in our ETH detailed analysis reports. Although its shares have fallen 20% since the beginning of the year, they recovered with the latest news.

Forum Markets Tokenization Strategy: RWA Moves

The company announced plans to bring real-world assets (RWA) on-chain in December, purchasing two commercial jet engines and launching Eurus Aero Token I. This move highlights RWA projects like AERO token and could increase liquidity in the ETH futures market. Forum Markets aims to integrate traditional markets into blockchain with on-chain products and transparent governance.

ETH Technical Analysis: Current Price Levels

ETH is currently trading at 2.050,46 dollars (+%6,94 24h). RSI at 44,65 is neutral, but it shows downtrend and bearish Supertrend signal. EMA 20: 2.060,45. Key levels:

If R1 is broken, a bullish signal may emerge; ETHZillas treasury hedges this volatility.

Institutional ETH Holders: Bitmine and Ethereum Foundation Comparison

ETHZilla‘s success contrasts with competitors suffering losses during the ETH decline: Bitmine incurred $8.8 billion in unrealized losses over the last 6 months amid a 60% ETH drop. The Ethereum Foundation is attempting to stabilize ETH with new treasury operations following Vitalik Buterin’s sales (February 26, 2026 news). In this context, ETHZilla stands out with its RWA pivot.

ETHZilla Share Surge: Market Impacts and Expectations

The rebranding will become official on Monday with the Nasdaq FRMM ticker. The 13% share jump parallels the ETH rally (+%6,94). Experts predict tokenization will boost institutional interest; however, ETHs downtrend carries risk.