The digital asset management company ETHZilla has recently acquired two aircraft engines through its subsidiary, ETHZilla Aerospace LLC, using funds raised from selling off cryptocurrency assets. The company has shifted its focus to asset tokenization and aims to bring real-world assets onto the blockchain.

In a regulatory filing on Friday, ETHZilla announced the purchase of the engines for $12.2 million in cash. These engines are currently being leased to a major airline, providing the company with a source of income.

This move comes after ETHZilla’s CEO, McAndrew Rudisill, stated in December that the company plans to tokenize assets such as aircraft engines and airframes, utilizing their team’s connections in the aerospace industry.

“We aim to build a strong pipeline of assets to tokenize without the need for additional partnerships,” Rudisill added.

ETHZilla’s Stock Plummets 95% Since Peak in 2025

ETHZilla, along with other cryptocurrency treasury companies, experienced a surge in share prices in 2025. However, as the crypto market began to heavily decline later in the year, their stocks took a significant hit.

At its peak in August, ETHZilla’s shares reached over $100. However, they have since plummeted by 95%, currently trading at $5.24 as of market close on Friday, according to Google Finance.

The value of Ether has also been on the decline, dropping by 40% from its August high of almost $5,000 to its current price of $2,800 on Sunday. According to CoinGecko, ETHZilla holds 69,802 ETH, which is equivalent to $198.5 million.

Categorized in:

Crypto

Tagged in: