The Ethereum treasury firm ETHZilla has bought two jet engines after promoting off a few of its crypto stash and growing its give attention to asset tokenization.
ETHZilla stated in a regulatory submitting on Friday that it bought two plane engines by a newly shaped subsidiary, ETHZilla Aerospace LLC, for $12.2 million in money.
The engines, that are utilized in massive 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 stated in December that it goals to “construct an working enterprise to deliver real-world belongings (RWA) on-chain by 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 raised replicate our mission – modernizing capital markets by real-world asset tokenizationhttps://t.co/QvGkqgccDg pic.twitter.com/DuXJgWoFAR
— ETHZilla (@ETHZilla_ETHZ) January 21, 2026
Rudisill stated in December that ETHZilla will “initially give attention to aerospace belongings comparable to plane engines and airframes to tokenize.”
“Members of our management workforce and board have deep relationships within the aerospace trade, 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 stoop as crypto markets began closely retreating later within the 12 months.
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, based on 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, based on CoinGecko.
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