ETHZilla has invested $12.2 million to purchase two CFM56-7B24 aircraft engines through its subsidiary, ETHZilla Aerospace LLC. The engines have been leased to a major airline. This move follows ETHZilla's recent sales of $114.5 million worth of ETH to fund stock buybacks and debt redemptions, as the company shifts focus towards asset tokenization.
Meanwhile, Strategy, formerly known as MicroStrategy, has acquired 2,932 Bitcoin for $264 million, bringing its total holdings to 712,647 BTC. This purchase was made at an average price of $90,061 per Bitcoin. Despite a significant decrease in Bitcoin purchases compared to the previous week, Strategy continues to expand its Bitcoin treasury holdings.
ETHZilla Acquires Jet Engines for $12.2M; Strategy Buys 2,932 BTC for $264M
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