- ETHZilla, in a move reminiscent of a tragicomedy, has sold $114.5M in ETH to acquire jet engines worth $12.2M-ah, the joys of shifting from digital coins to physical assets!
- The firm has partnered with Liquidityio in what can only be described as a whimsical attempt to tokenize everything from engines to loans, launching in Q1 2026. Who needs cryptocurrency when you can have your very own jet engine token?
- Shares of ETHZilla have plummeted by 97% since August, as if investors woke up one day and decided that aerospace was not quite the pivot they had in mind amid the floundering fortunes of ETH.
In a plot twist that could rival any farcical play, ETHZilla Corporation has exchanged a staggering $114.5 million worth of Ethereum to finance its audacious leap into the aviation realm. The company has purchased two aircraft engines for a mere $12.2 million through its newly minted aerospace subsidiary. One could only imagine the boardroom discussions: “Why not jet engines? They sound fun!”
Word of this extravagant transaction wafted through the digital ether courtesy of Wu Blockchain. The shift in strategy is as unexpected as finding a cat in a dog show.
This acquisition stands as one of the most peculiar pivots in the crypto world this year. It’s not every day that a treasury company decides to dabble in the ownership of physical assets at such an impressive scale. Perhaps next, they’ll consider investing in hot air balloons?
ETHZilla Takes to the Skies
The company has acquired two CFM56-7B24 jet engines via ETHZilla Aerospace LLC, according to regulatory filings, which must have been a joyous bureaucratic exercise. The purchase was accompanied by a comprehensive package that even included engine stands-because who wants to leave those behind?
These engines were procured from Avean Engine Solutions, an affiliate of Aero Engine Solutions, complete with all parts and records. It’s like buying a used car but with a lot more potential for mid-air drama!
In a spectacular display of irony, Ethereum treasury firm ETHZilla has splurged on jet engines after unloading a hefty sum of ETH. These engines are leased to a major airline, providing a hearty chuckle as ETHZilla’s shares have dropped a staggering 97% from their previous glory.
– Wu Blockchain (@WuBlockchain)
The transaction involved a cool $12.2 million in cash, though some credit was granted for deposits made earlier. Adjustments to the deal set the economic closing date as September 30, 2025-because who doesn’t love a good suspenseful timeline?
As luck would have it, these engines are already generating revenue, currently leased to a major airline under pre-existing agreements. Talk about hitting the ground running-if only the stock price could do the same!
This structure allows ETHZilla to rake in rental income while dabbling in the arcane art of tokenization. Their partnership with an airline lends an air of credibility to their rather whimsical venture into aerospace.
A Tokenization Dream or Nightmare?
ETHZilla’s foray into aviation ties neatly into a larger tokenization plan, as whimsical as a circus act. Teaming up with Liquidityio, a regulated broker-dealer, they aim to bring real-world assets onto the blockchain, because why not tokenize everything under the sun?
Plans for the first tokenized offerings are set to take flight in Q1 2026, with an ambitious assortment including aircraft engines, auto loans, and home loans. It’s an eclectic menu for investors, to say the least!
Aero Engine Solutions will manage the engines under a servicing agreement, collecting a monthly fee while ensuring ETHZilla doesn’t have to deal with the nitty-gritty operations. A classic case of having cake and eating it too!
The agreement also comes with unique buyback options, allowing either party to trigger a purchase at $3 million per engine post-lease. Specifying conditions for the engines is merely a formality-after all, we wouldn’t want any decrepit engines floating around!
These options grant flexibility as markets waltz unpredictably. They also lay out clear exit strategies, just in case things go awry-because who can resist an escape route?
Stock Prices in Freefall
Meanwhile, ETHZilla’s shares have nosedived approximately 97% since their August peak, a descent so steep it could rival a dramatic stage fall. Investors seem uncertain about this new direction, perhaps reflecting on their life choices.
The collapse raises eyebrows about market confidence in the company’s whimsical plan to transition from digital currencies to tangible assets. Investor skepticism is palpable, as they ponder this unusual metamorphosis.
Adding to their woes, Ethereum itself is wrestling with market challenges. According to CoinGecko data, ETH is trading at $2,941.05, with a 24-hour volume surpassing $7.48 billion. The cryptocurrency has stumbled 0.57% in the last day, and over the past week, it’s dropped by 11.27%. It seems the entire ship is taking on water!
Market Reactions: A Comedy of Errors?
In a twist of irony worthy of a playwright, crypto trader Broke Doomer presented a contrarian view on social media: the violent sell-off might actually create conditions ripe for a reversal! Clearly, he’s got a flair for the dramatic.
Quick update on guys
– Everyone screaming “it’s over” after the dump but price is doing the opposite of what panic expects
– Violent sell-off
– Strong defense at the lows
– Now we are in a tight range this is how big moves are built; first they shake you out and then…
– Broke Doomer🔺 (@im_BrokeDoomer)
“Strong defense at the lows,” proclaimed our dear trader. He believes that tight consolidation often precedes significant price movements, as if waiting for the perfect moment to spring an unexpected plot twist.
Crypto General chimed in, emphasizing that ETH requires a full-body daily close above $3,000 to escape the clutches of consolidation. Every attempt beyond that threshold has met with rejection, much like a bad love story where the protagonist can never quite get it right.
It appears buyers are reluctant to push ETH past the $3,000 battleground-a critical arena for bulls and bears alike. Ah, the theater of the market, where fortunes are made and dashed with the flick of a wrist!
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2026-01-25 10:57