Ethzilla CEO McAndrew Rudisill has revealed that he has decided to join Ethereum after seeing the potential in the global remittance market of nearly $1 trillion.
Two months later, the biotech company he previously collided with is now the eighth largest public finance ministry in the world.
“Ethereum is effectively a global money supply gateway for sending in US dollars,” Ethzilla CEO McAndrew Rudisill told Cointelegraph.
The company began life as Life Science Corporation, a Nasdaq-listed biotechnology company, shortly after US President Donald Trump signed the Genius Act.
“There are a lot of real-world asset applications that will allow Ethereum to be used, and they are heading their path right now,” he said.
Ethzilla is the eighth largest ether (Eth) Ministry of Finance company, surpassing 89 tokens out of the 69 listed.
Rudisill said he decided which blockchain is the best because “the race is on right now” and decided to move the ether forward, especially as “the horse has left the barn” at Ethereum.
Since pivoting into ether, Ethzilla Corporation has acquired over 102,000 tokens for the Treasury Department. sauce: StrategeTherReserve
“Many of the new networks created in Layer 2 are actually networks that interface with what is called traditional financial activity in today’s world, whether it’s structured credit or any kind of Wall Street application.”
Etira wants “as much ether as possible”
Bitmine Immersion Technologies is the largest etheric financing company, with 2.65 million tokens with over $11 billion tokens, setting a goal of holding 5% of the token supply.
Rudisill said that Ethzilla doesn’t have set numbers in mind, but that he hopes to get “as many ethers as possible” and produce “substantially higher yields” than regular staking in order to “work with various L2 protocols.”
sauce: Etzilla
“We deploy cash from ether to buy more and effectively help build more L2 networks, as Ethereum can ultimately expand,” Rudisill said.
“The reason Ethzilla exists is because we want to be that bridge between what’s happening in traditional finance and what’s happening in the world of digital finance. So having a lot of Ethereum helps us do that.”
Ether prices rise from stubcoin growth
According to Coingecko, Ether has traded hands for $4,148, moving between $3,846 and $4,226 over the past seven days.
Rudisill predicts that ether prices for the coming years will not be completely unreasonable as prices are in a consolidated pattern and are poised to support Stablecoin’s growth.
“I think if you break through $5,000, it’s going to be a function of the base load that underlies your infrastructure.
The Genius Act is still waiting for final regulations before it is implemented, but analysts also predict it will be a key driver for the market.
Meanwhile, Ethereum Network already has $158 billion in Stablecoin transactions, compared to Tron’s second-largest network, $77 billion, according to data analytics platform Defilama.
More ether companies could poll
In total, the ether financing company holds 5.5 million ether, roughly 4.54% of the token supply. Rudisill speculates that more companies may come to mind, but he is also skeptical that everything will survive in the long term.
“I think there’s a huge gap between the quality, management teams. I think there are a lot of people who don’t actually have the business model that’s built to keep the business going,” he said.
At the same time, Rudysir believes that more governments will also begin to engage in cryptography, fighting to avoid missing boats.
“There’s a general acceptance that the financial infrastructure we have in many places is outdated. They’re aware of that. If they don’t get involved in what’s going on with digital assets, they’ll be left behind,” Rudysil said.
“That’s why, you look at large banks and financial institutions, people start talking about other digital assets and accepting Bitcoin as collateral.
Founded in 2016 as a clinical-stage biotech company, LifeScience was published in 2020, but after the initial public offering, its share price has plummeted by more than 99% over the past five years.
The sharp decline was primarily due to lack of revenue and increased losses, but since Etazirah’s ether pivot, the stock has recorded a profit of 44% per year, with its best performance when it reached $10.70 in August.
Ethzilla Stock has recorded a profit of 44% since the start of the year since pivoting to Crypto. sauce: Google Finance
Rudysir said that many small public companies are restructured or delisted without a clear path, but Etira is different.
“We’re not just a cryptocurrency department, we’re building a Layer 2 protocol business with assets of over $1 billion,” he said.
“Our focus is not on short-term financial manipulation, but on long-term technological development and practicality. Brands and pivots reflect clear strategies of growth and innovation rather than a reactionary move to equity performance.”
