ETHZilla acquired two aircraft engines for $12 million, just weeks after the company said it was renewing its focus on tokenizing real-world assets.<\/p>\n
The Ethereum treasury company ETHZilla has purchased two jet engines after selling off some of its crypto stash and increasing its focus on asset tokenization.<\/p>\n
ETHZilla said in a regulatory filing<\/a> on Friday that it purchased two aircraft engines through a newly formed subsidiary, ETHZilla Aerospace LLC, for $12.2 million in cash.<\/p>\n The engines, which are used in large commercial planes, came with existing lease agreements with a major airline, enabling the firm to begin earning yields from them.<\/p>\n The purchase comes after ETHZilla chairman and CEO McAndrew Rudisill said<\/a> in December that it aims to \u201cbuild an operating business to bring real-world assets (RWA) on-chain through tokenization,\u201d moving away from just buying and holding Ether (ETH).<\/p>\n Today we are launching our updated website to better reflect our mission – modernizing capital markets through real-world asset tokenizationhttps:\/\/t.co\/QvGkqgccDg<\/a> pic.twitter.com\/DuXJgWoFAR<\/a><\/p>\n \u2014 ETHZilla (@ETHZilla_ETHZ) January 21, 2026<\/a><\/p><\/blockquote>\n Rudisill said in December that ETHZilla will \u201cinitially focus on aerospace assets such as aircraft engines and airframes to tokenize.\u201d<\/p>\n \u201cMembers of our leadership team and board have deep relationships in the aerospace industry, which we are leveraging to build an initial pipeline of assets to tokenize without the need for additional partnerships,\u201d he added.\u00a0<\/p>\n Related: <\/strong><\/em>EthZilla liquidates $74.5M in Ether to redeem convertible debt<\/strong><\/em><\/a><\/p>\n The company is among several crypto treasury companies that saw their share prices surge<\/a> in 2025, only to slump as crypto markets started heavily retreating later in the year.<\/p>\n Shares in ETHZilla (ETHZ) jumped to a peak of over $100 in August, but have since fallen 95% to trade at $5.24 at the close of market on Friday, according<\/a> to Google Finance.\u00a0<\/p>\n Ether prices have also been falling, with the token 40% down from its August high of nearly $5,000 to trade at $2,800 on Sunday. EthZilla holds 69,802 ETH worth $198.5 million, according<\/a> to CoinGecko.<\/p>\n Magazine: <\/strong><\/em>GameStop \u2018likely to sell\u2019 Bitcoin holdings, Ethereum preps for quantum: Hodler\u2019s Digest<\/strong><\/em><\/a><\/p>\n <\/template><\/div>\n Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph\u2019s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently. Read our Editorial Policy https:\/\/cointelegraph.com\/editorial-policy<\/a><\/p>\n<\/div>\n\n
ETHZilla stock slides 95% from peak\u00a0\u00a0<\/h2>\n