Ethereum treasury firm buys jet engines amid tokenization push after selling ETH

ETHZilla is betting on bringing real-world assets on blockchain rails after it sold at least $114.5 million of its ETH stash over the past months. What to know : ETHZilla acquired two jet engines via a new aerospace subsidiary in a $12.2 million deal, regulatory filings show. The company previously disclosed selling $114.5 million worth of ETH to fund stock buyback and debt redemption as digital asset treasuries faced market pressure. The acquisition could be part of ETHZilla's recently announced a pivot to asset tokenization, teaming up with a regulated broker-dealer and taking stakes in companies to bring auto loans and home loans onchain.