ETHZilla, previously the ninth-largest Ethereum crypto treasury, has announced a strategic pivot to real estate tokenization. The company has acquired $4.7 million in prefabricated and modular housing loans, which it plans to tokenize on the Ethereum Layer 2 network. These loans, secured by first liens, are projected to yield an annual return of approximately 10%. The shift comes as ETHZilla's stock price has dropped over 90% from its August 2025 peak of $107, following a significant sell-off of over $110 million in Ethereum last year to fund buybacks and debt repayment. The move to real estate tokenization is seen as a response to the declining value of its Ethereum holdings.