The Ethereum treasury firm ETHZilla has bought two jet engines after promoting off a few of its crypto stash and rising its concentrate on asset tokenization.
ETHZilla mentioned in a regulatory filing on Friday that it bought two plane engines by way of a newly fashioned subsidiary, ETHZilla Aerospace LLC, for $12.2 million in money.
The engines, that are utilized in giant industrial planes, got here with present lease agreements with a significant airline, enabling the agency to start incomes yields from them.
The acquisition comes after ETHZilla chairman and CEO McAndrew Rudisill said in December that it goals to “construct an working enterprise to convey real-world belongings (RWA) on-chain by way of tokenization,” shifting away from simply shopping for and holding Ether (ETH).
In the present day we’re launching our up to date web site to higher replicate our mission – modernizing capital markets by way of real-world asset tokenizationhttps://t.co/QvGkqgccDg pic.twitter.com/DuXJgWoFAR
— ETHZilla (@ETHZilla_ETHZ) January 21, 2026
Rudisill mentioned in December that ETHZilla will “initially concentrate on aerospace belongings comparable to plane engines and airframes to tokenize.”
“Members of our management staff and board have deep relationships within the aerospace business, which we’re leveraging to construct an preliminary pipeline of belongings to tokenize with out the necessity for added partnerships,” he added.
Associated: EthZilla liquidates $74.5M in Ether to redeem convertible debt
ETHZilla inventory slides 95% from peak
The corporate is amongst a number of crypto treasury corporations that noticed their share costs surge in 2025, solely to droop as crypto markets began closely retreating later within the yr.
Shares in ETHZilla (ETHZ) jumped to a peak of over $100 in August, however have since fallen 95% to commerce at $5.24 on the shut of market on Friday, according to Google Finance.
Ether costs have additionally been falling, with the token 40% down from its August excessive of almost $5,000 to commerce at $2,800 on Sunday. EthZilla holds 69,802 ETH value $198.5 million, according to CoinGecko.
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