- Buy Crypto
- Markets
- Futures
- Spot
- Copy Trade
Earn- More
ETHZilla purchased 2 aircraft engines after selling off over $1 billion worth of ETH holdings to start a leasing business
BlockBeats News, January 25th, according to Ethereum treasury company ETHZilla's filing with the U.S. Securities and Exchange Commission (SEC) submitted this Friday, the company purchased two CFM56-7B24 aircraft engines for $12.2 million through its newly established subsidiary, ETHZilla Aerospace LLC.
The filing indicates that these two engines are currently leased to a large airline, and ETHZilla has hired Aero Engine Solutions to perform day-to-day management and pay a monthly fee. The transaction includes a buy-sell option agreement: at the end of the lease term, if the engines are in good condition, either party can request a buyout at a price of $3 million per engine.
Behind this unconventional move is the continued pressure on digital asset management companies due to the recent months of volatility and downturn in the cryptocurrency market. Many publicly traded companies that actively raised funds to accumulate tokens last year now see their stock prices significantly below the net value of their on-chain crypto assets, making it difficult for them to raise new funds. ETHZilla itself sold off $40 million worth of ETH in October last year to implement a stock buyback plan, and then sold $74.5 million worth of ETH in December to repay outstanding debts. Its stock price has plummeted by about 97% from 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 the blockchain. The company stated on Wednesday that it is building a scalable tokenization pipeline across asset classes with predictable cash flow and global investor demand, with the first batch of tokenized asset products expected to launch in the first quarter of this year.
You may also like
ETH Ecosystem Month: A $1.5 Million Trading Opportunity Focused on Ethereum Assets
Explore ETH trading opportunities on WEEX with ETH Ecosystem Month. A $1.5M campaign covering ETH spot trading, ETH futures rewards, leaderboards, and referral incentives across the Ethereum ecosystem.
Former Alameda CEO Released from Custody After 440 Days
Key Takeaways: Caroline Ellison, former CEO of Alameda Research, has been released after serving 440 days in federal…
Bitcoin Pursues $90K: Trump to Fast-Track Crypto Legislation
Key Takeaways Bitcoin is gaining momentum as President Trump indicates imminent crypto-friendly legislation. Trump’s World Economic Forum speech…
Crypto’s Next Challenge: Privacy and the Chicken-Egg Dilemma
Key Takeaways Privacy is becoming a central issue as cryptocurrencies move into traditional banking and state-backed systems. Regulatory…
Trump Takes on the Fed, Italy Warns Financial Influencers: A Global Overview
Key Takeaways President Trump initiates criminal charges against the Fed Chairman, potentially impacting U.S. monetary policy. Coinbase halts…
What Happened in Crypto Today: Key Updates and Insights
Key Takeaways A crucial crypto bill’s progress is delayed as the Senate pivots its focus to broader affordability…
Crypto’s Decentralization Dream Falters at Interoperability
Key Takeaways The promise of decentralization in the crypto industry is hindered by centralized intermediaries managing interoperability between…
Ethereum Price Prediction – ETH Price Estimated to Reach $ 3,660.02 By Jan 23, 2026
Key Takeaways Ethereum’s price is currently at $3,203.60 with a predicted increase to $3,660.02, marking a potential rise…
VF-26 Unveiled: Zoomex and TGR Haas F1 Team Enter New Phase of Collaboration in 2026
Key Takeaways The unveiling of the VF-26 race car marks a new phase in the TGR Haas F1…
AI News Today: Can AI Make Blockchain Systems More Reliable in Live Crypto Markets?
Learn how AI is used in blockchain systems to detect risks, improve reliability, and support secure crypto trading in live crypto market environments.
Analyzing the Impact of Cryptocurrency Regulations
Key Takeaways: Cryptocurrency regulations continue to evolve, impacting both global markets and individual investors. Rules and guidelines vary…
ETHGas Airdrop Eligibility Scrubbing, WLFI Proposal Sparks Controversy, What's Today's Overseas Crypto Community Buzzing About?
Tokenomics' Year of Reckoning
NYSE Introduces Blockchain-Based Platform for Tokenized Stocks and ETFs
Key Takeaways The New York Stock Exchange is spearheading the development of a blockchain trading platform aimed at…
Paradex Rollback Roasted, HIP-3 Competition Heats Up, What’s New in the Mainstream Ecosystem?
Key Takeaways The NYSE’s move towards an on-chain securities trading platform signals a transformative intersection of blockchain and…
Wintermute: The Four-Year Cycle is Dead, Crypto Breakthrough 2026, Where to Next?
Key Takeaways The traditional four-year crypto cycle, once deemed a fundamental market principle, is becoming obsolete as market…
Why Can Coinbase Halt a CLARITY Act Vote with Just One Sentence?
Key Takeaways Coinbase CEO Brian Armstrong’s opposition to the Clarity Act halted a critical Senate vote, showcasing the…
Tether Freezes $182 Million in Assets in One Day, Is USDT Still a Neutral Coin?
Key Takeaways: Tether recently froze around $182 million USDT on the Tron blockchain, aligning with U.S. government sanctions.…
ETH Ecosystem Month: A $1.5 Million Trading Opportunity Focused on Ethereum Assets
Explore ETH trading opportunities on WEEX with ETH Ecosystem Month. A $1.5M campaign covering ETH spot trading, ETH futures rewards, leaderboards, and referral incentives across the Ethereum ecosystem.
Former Alameda CEO Released from Custody After 440 Days
Key Takeaways: Caroline Ellison, former CEO of Alameda Research, has been released after serving 440 days in federal…
Bitcoin Pursues $90K: Trump to Fast-Track Crypto Legislation
Key Takeaways Bitcoin is gaining momentum as President Trump indicates imminent crypto-friendly legislation. Trump’s World Economic Forum speech…
Crypto’s Next Challenge: Privacy and the Chicken-Egg Dilemma
Key Takeaways Privacy is becoming a central issue as cryptocurrencies move into traditional banking and state-backed systems. Regulatory…
Trump Takes on the Fed, Italy Warns Financial Influencers: A Global Overview
Key Takeaways President Trump initiates criminal charges against the Fed Chairman, potentially impacting U.S. monetary policy. Coinbase halts…
What Happened in Crypto Today: Key Updates and Insights
Key Takeaways A crucial crypto bill’s progress is delayed as the Senate pivots its focus to broader affordability…
App