On August 3, 2025, Equillium, Inc. amended its Open Market Sale Agreement, replacing Jefferies LLC with LifeSci Capital LLC as the sales agent, and announced that it had approximately $11.5 million in cash as of June 30, 2025. The company plans to implement a cryptocurrency treasury reserve strategy to support its financial growth, with the expectation that its current cash reserves will fund operations into Q4 2025.