BlockBeats News, January 25 — According to documents submitted to the U.S. Securities and Exchange Commission (SEC) this Friday by Ethereum treasury company ETHZilla, it purchased two CFM56-7B24 aircraft engines for $12.2 million through its newly established subsidiary ETHZilla Aerospace LLC.
The documents show that these two engines are currently leased to a major airline, with ETHZilla hiring Aero Engine Solutions for daily management and paying a monthly fee. The transaction includes a buy-sell option agreement: at the end of the lease term, if the engines remain in good condition, either party can require the other to buy or sell at a price of $3 million per engine.
Behind this unconventional operation is the ongoing pressure faced by digital asset management companies due to the volatile downturn in the cryptocurrency market over the past few months. Many publicly listed companies that actively raised funds and accumulated tokens last year now see their stock prices significantly below the net value of their on-balance-sheet crypto assets, making it difficult for them to raise new funds. ETHZilla itself sold $40 million worth of ETH in October last year to implement a stock buyback plan, and in December, it reduced its ETH holdings by another $74.5 million to pay off debts. Its stock price has plummeted approximately 97% from its peak in August to date.
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 flows and global investor demand, and expects to launch its first tokenized asset products in the first quarter of this year.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Yesterday, spot Ethereum ETFs recorded net inflows of $13.84 million, with BlackRock’s staking version ETHB seeing inflows of $44.30 million.
According to Gate News, on April 9, Ethereum spot ETFs saw net inflows of $13.84 million yesterday. Among them, BlackRock’s staking version of ETHB performed best, with net inflows of $44.30 million, while the Grayscale series showed more notable net outflows.
GateNews1h ago
SUI Will Overtake Ethereum: Mysten Labs Co-Founder Makes Bold Call
A bold statement from Mysten Labs has pushed Sui back into the spotlight, especially as the conversation around scalability and real-world crypto payments continues to evolve. The claim centers on one idea. Future financial systems will demand fast and near-free transactions, and that
CaptainAltcoin1h ago
The Ethereum Foundation has sold 3,750 ETH at an average price of $2,214
Gate News message. On April 9, according to on-chain analyst Yu Jin monitoring, the Ethereum Foundation’s current plan is to sell 5,000 ETH. So far, it has completed the sale of 3,750 ETH, worth $8.3 million, with an average selling price of $2,214.
GateNews3h ago
Bitmine went on a buying spree, snapping up 71,000 Ether in a single week, setting the largest accumulation record since December last year
Bitmine Immersion Technologies increased its holdings by 71,252 Ether units last week, bringing its total to 4.8M units, with a total value of about $10.3 billion. Chairman Tom Lee believes Ether is at the tail end of its winter season and noted its hedging value amid the conflict in Iran. Since the outbreak of the war, Ether has gained a cumulative 6.8%.
区块客4h ago
The Ethereum Foundation teamed up with Biconomy to launch ERC-8211: AI agents can handle multiple DeFi contract interactions in a single transaction
The Ethereum Foundation and Biconomy have teamed up to launch the ERC-8211 standard, enabling AI agents to dynamically execute multi-step DeFi actions within a single signed transaction, determining parameters in real time based on on-chain state and overcoming the static limitations of ERC-4337. This standard does not require a fork at the protocol layer, making it easier for developers to adopt and further accelerating the integration of AI and DeFi automation.
動區BlockTempo6h ago
