- 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
U.S. Oil (USOR) Price Prediction 2026–2030
Key Takeaways U.S. Oil (USOR) is a speculative Solana-based crypto project that aims to index the United States…
USOR Surges on Meme Narrative Despite No Real-World Asset Backing
Key Takeaways: USOR, a Solana-based token, has seen a notable surge driven by speculative narratives rather than verifiable…
How to Buy U.S. Oil Reserve (USOR) Cryptocurrency
Key Takeaways U.S. Oil Reserve (USOR) is a Solana-based token primarily traded on decentralized exchanges (DEXs). Claims have…
USOR vs Oil ETFs: Understanding Why the ‘Oil Reserve’ Token Doesn’t Track Crude Prices
Key Takeaways The U.S. Oil Reserve (USOR) token has become noteworthy for its claims, yet it does not…
Trend Research Reduces Ether Holdings After Major Market Turbulence
Key Takeaways: Trend Research has significantly cut down its Ether holdings, moving over 404,000 ETH to exchanges recently.…
Investors Channel $258M into Crypto Startups Despite $2 Trillion Market Sell-Off
Key Takeaways: Investors pumped approximately $258 million into crypto startups in early February, highlighting continued support for blockchain-related…
NBA Star Giannis Antetokounmpo Becomes Shareholder in Prediction Market Kalshi
Key Takeaways: Giannis Antetokounmpo, the NBA’s two-time MVP, invests in the prediction market platform Kalshi as a shareholder.…
Arizona Home Invasion Targets $66 Million in Cryptocurrency: Two Teens Charged
Key Takeaways Two teenagers from California face serious felony charges for allegedly attempting to steal $66 million in…
El Salvador’s Bukele Approval Reaches Record 91.9% Despite Limited Bitcoin Use
Key Takeaways: El Salvador President Nayib Bukele enjoys a record high approval rating of 91.9% from his populace,…
Crypto Price Prediction for February 6: XRP, Dogecoin, and Shiba Inu’s Market Movements
Key Takeaways: The crypto market experienced a notable shift with Bitcoin’s significant surge, impacting altcoins like XRP, Dogecoin,…
China Restricts Unapproved Yuan-Pegged Stablecoins to Maintain Currency Stability
Key Takeaways: China’s central bank and seven government agencies have banned the issuance of yuan-pegged stablecoins abroad without…
Solana Price Prediction: $80 SOL Looks Scary – But Smart Money Just Signaled This Might Be the Bottom
Key Takeaways Despite Solana’s descent to $80, some traders find security as smart money enters the fray, suggesting…
XRP Price Prediction: Major Ledger Upgrade Quietly Activated – Why This Could Be the Most Bullish Signal Yet
Key Takeaways: The activation of the Permissioned Domains amendment on XRPL represents a significant development in XRP’s potential…
Dogecoin Price Prediction: Death Cross Confirmed as DOGE Falls Below $0.10 – Is DOGE Reaching Zero?
Key Takeaways The death cross event signals potential bearish trends for Dogecoin as its price dips under $0.10,…
Stablecoin Inflows Have Doubled to $98B Amid Selling Pressure
Key Takeaways Stablecoin inflows to crypto exchanges have surged to $98 billion, doubling previous levels amidst heightened market…
Coinbase UK Executive Declares Tokenised Collateral a Mainstream Financial Force
Key Takeaways Tokenised collateral is transitioning from its initial experimental stages into becoming core infrastructure within financial markets.…
Best Crypto to Buy Now February 6 – XRP, Solana, Bitcoin
Key Takeaways The cryptocurrency market witnesses volatility amid a technology-sector selloff, but opportunities still exist for keen investors.…
Why Is Crypto Down Today, February 6, 2026
Key Takeaways The global cryptocurrency market has seen an 8% decline in the last 24 hours, standing at…
U.S. Oil (USOR) Price Prediction 2026–2030
Key Takeaways U.S. Oil (USOR) is a speculative Solana-based crypto project that aims to index the United States…
USOR Surges on Meme Narrative Despite No Real-World Asset Backing
Key Takeaways: USOR, a Solana-based token, has seen a notable surge driven by speculative narratives rather than verifiable…
How to Buy U.S. Oil Reserve (USOR) Cryptocurrency
Key Takeaways U.S. Oil Reserve (USOR) is a Solana-based token primarily traded on decentralized exchanges (DEXs). Claims have…
USOR vs Oil ETFs: Understanding Why the ‘Oil Reserve’ Token Doesn’t Track Crude Prices
Key Takeaways The U.S. Oil Reserve (USOR) token has become noteworthy for its claims, yet it does not…
Trend Research Reduces Ether Holdings After Major Market Turbulence
Key Takeaways: Trend Research has significantly cut down its Ether holdings, moving over 404,000 ETH to exchanges recently.…
Investors Channel $258M into Crypto Startups Despite $2 Trillion Market Sell-Off
Key Takeaways: Investors pumped approximately $258 million into crypto startups in early February, highlighting continued support for blockchain-related…
App