ETHZilla has purchased two CFM56-7B24 aircraft engines for $12.2 million through its subsidiary, ETHZilla Aerospace LLC, according to SEC filings. These engines are leased to a major airline, with Aero Engine Solutions managing them. The deal includes a buy-sell option for $3 million per engine at lease end. This move follows ETHZilla's $100 million ETH sell-off to address financial pressures from the crypto market downturn.
The acquisition aligns with ETHZilla's strategy to tokenize real-world assets (RWAs) on the blockchain. The company plans to launch its first tokenized asset products in Q1, aiming to create a scalable tokenization pipeline with predictable cash flows and global investor demand.
ETHZilla Acquires Jet Engines for Leasing Amid $100M ETH Sell-Off
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