3 weeks ago
ETHZilla acquired 2 craft engines for $12 million, conscionable weeks aft the institution said it was renewing its absorption connected tokenizing real-world assets.
The Ethereum treasury institution ETHZilla has purchased 2 pitchy engines aft selling disconnected immoderate of its crypto stash and expanding its absorption connected plus tokenization.
ETHZilla said successful a regulatory filing connected Friday that it purchased 2 craft engines done a recently formed subsidiary, ETHZilla Aerospace LLC, for $12.2 cardinal successful cash.
The engines, which are utilized successful ample commercialized planes, came with existing lease agreements with a large airline, enabling the steadfast to statesman earning yields from them.
The acquisition comes aft ETHZilla president and CEO McAndrew Rudisill said successful December that it aims to “build an operating concern to bring real-world assets (RWA) on-chain done tokenization,” moving distant from conscionable buying and holding Ether (ETH).
Today we are launching our updated website to amended bespeak our ngo - modernizing superior markets done real-world plus tokenizationhttps://t.co/QvGkqgccDg pic.twitter.com/DuXJgWoFAR
— ETHZilla (@ETHZilla_ETHZ) January 21, 2026Rudisill said successful December that ETHZilla volition “initially absorption connected aerospace assets specified arsenic craft engines and airframes to tokenize.”
“Members of our enactment squad and committee person heavy relationships successful the aerospace industry, which we are leveraging to physique an archetypal pipeline of assets to tokenize without the request for further partnerships,” helium added.
Related: EthZilla liquidates $74.5M successful Ether to redeem convertible debt
ETHZilla banal slides 95% from peak
The institution is among respective crypto treasury companies that saw their stock prices surge successful 2025, lone to slump arsenic crypto markets started heavy retreating aboriginal successful the year.
Shares successful ETHZilla (ETHZ) jumped to a highest of implicit $100 successful August, but person since fallen 95% to commercialized astatine $5.24 astatine the adjacent of marketplace connected Friday, according to Google Finance.
Ether prices person besides been falling, with the token 40% down from its August precocious of astir $5,000 to commercialized astatine $2,800 connected Sunday. EthZilla holds 69,802 ETH worthy $198.5 million, according to CoinGecko.
Magazine: GameStop ‘likely to sell’ Bitcoin holdings, Ethereum preps for quantum: Hodler’s Digest
Cointelegraph is committed to independent, transparent journalism. This quality nonfiction is produced successful accordance with Cointelegraph’s Editorial Policy and aims to supply close and timely information. Readers are encouraged to verify accusation independently. Read our Editorial Policy https://cointelegraph.com/editorial-policy
English (US) 