ETHZilla CEO McAndrew Rudisill shifted focus to Ethereum due to its potential in the global remittance market. The company rebranded from Life Sciences Corp to ETHZilla Corp, becoming the 8th largest public Ethereum treasury. ETHZilla holds over 102,000 ETH tokens and aims to acquire more for higher yields in L2 protocols.

BitMine Immersion Technologies is the largest Ether treasury company with 2.65 million tokens, worth $11 billion. ETHZilla aims to acquire as much Ether as possible to enhance L2 network expansion. Rudisill predicts Ether price could reach $20,000 in the near future, driven by stablecoin growth and tight infrastructure.

Ether is currently trading at $4,148 and ETH treasury companies collectively hold 5.5 million tokens. More companies may enter the race, but quality and sustainability will vary. Governments are expected to increase involvement in crypto to avoid falling behind in the evolving financial landscape.

ETHZilla’s pivot to Ether has led to a 44% gain in stock value this year, following a 99% plunge after its IPO in 2020. The company emphasizes long-term technology development and innovation, with over $1 billion in assets. Future growth is focused on building a cash-flow generating layer-2 protocol business.

Read more at Cointelegraph: ETHZilla CEO Predicts Ethereum as Future of Finance