ETZilla buys aircraft engines among the focus of Tokenization
Ethereum treasury company ETZilla has bought two jet engines after selling off some of its crypto stash and increasing its focus on the asset token.
ETHZilla said in a regulatory filing on Friday that it has bought two aircraft engines through the newly formed ETHZilla Aerospace LLC for $12.2 million in cash.
The engines, which are used in large commercial jets, are under lease with a major airline, allowing the company to start sourcing from them.
The acquisition comes as Etzilla chairman and CEO McAndrew Rudisil said in December that “building an operation to bring real-world assets (RWA) on-chain through tokenization is a step away from buying and holding Ether (ETH).
Today we launch our redesigned website to better reflect our mission – updating capital markets with real-world asset simulation pic.twitter.com/DuXJgWoFAR
— ETHZilla (@ETHZilla_ETHZ) January 21, 2026
“Initially, it will focus on aerospace assets such as aircraft engines and airframes,” Rudisill said in December.
“Our management team and board members have deep relationships in the aerospace industry, which we are leveraging to build initial assets to demonstrate the need for additional collaboration,” he said.
Related: EthZilla invests $74.5M in Ether to repay convertible debt
ETZilla stock has slipped 95% from its highs.
The company It is one of several crypto treasuries that have seen their stock prices soar in 2025, only to see crypto markets begin to retreat significantly later in the year.
Shares in ETZilla (ETHZ) peaked above $100 in August, but fell 95% to $5.24 by the close of trading on Friday, according to Google Finance.
Ether prices have also been falling, with the token down 40% from its August high of nearly $5,000 to trade at $2,800 on Sunday. Itzilla holds 69,802 ETH worth $198.5 million, according to CoinGecko.
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