律动BlockBeats|Jan 25, 2026 01:50
[ETHZilla Purchases Two Aircraft Engines for Leasing Business After Selling Over $100 Million in ETH Holdings]
BlockBeats News, January 25: According to documents submitted by Ethereum treasury company ETHZilla to the U.S. Securities and Exchange Commission (SEC) this Friday, the company has purchased two CFM56-7B24 aircraft engines for $12.2 million through its newly established subsidiary, ETHZilla Aerospace LLC.
The documents show that these two engines have already been leased to a major airline. ETHZilla has hired Aero Engine Solutions to handle daily management and pays a monthly fee for their services. The transaction includes a buy-sell option agreement: at the end of the lease term, if the engines remain in good condition, either party can request the other to buy or sell the engines at a price of $3 million each.
This unconventional move comes amid the ongoing downward turbulence in the cryptocurrency market over the past few months, which has placed sustained pressure on digital asset management companies. Many publicly listed companies that aggressively raised funds and accumulated tokens last year now find their stock prices significantly below the net value of their crypto assets, making it difficult for them to raise new capital. ETHZilla itself sold $40 million worth of ETH last October to implement a stock buyback program, followed by another $74.5 million ETH sale in December to repay outstanding debt. Its stock price has plummeted approximately 97% since its peak in August.
However, the purchase of aircraft engines may also be related to ETHZilla's plans to tokenize real-world assets (RWA) on-chain. The company stated on Wednesday that it is building a scalable tokenization pipeline across asset classes with predictable cash flows and global investor demand, and it expects to launch its first tokenized asset products in the first quarter of this year.
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