ETHZilla (ETHZ) Stock: Ethereum Treasury Company Buys Jet Engines After Major ETH Sale

TLDR

• ETHZilla purchased two CFM56-7B24 jet engines for $12.2 million through its new subsidiary ETHZilla Aerospace LLC
• The company previously sold $114.5 million worth of ETH to fund stock buybacks and debt redemption
• The engines are currently leased to a major airline with Aero Engine Solutions managing them for a monthly fee
• ETHZilla’s stock has dropped roughly 97% since its August 2025 peak
• The purchase appears to be part of ETHZilla’s pivot toward tokenizing real-world assets on the blockchain

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ETHZilla bought two jet engines for $12.2 million. The Ethereum treasury company made the purchase through a newly formed subsidiary called ETHZilla Aerospace LLC.

A Friday filing with the U.S. Securities and Exchange Commission revealed the details. The company acquired two CFM56-7B24 aircraft engines.

The engines are currently leased to a major airline. ETHZilla hired Aero Engine Solutions to manage them in exchange for a monthly fee.

The deal includes a buy-sell option agreement. Either party can require the other to buy or sell the engines for $3 million each when the lease expires.

This move follows months of ETH sales by the company. ETHZilla sold $40 million in ETH in October to fund a stock buyback program.

The company then offloaded another $74.5 million in December. That sale was used to redeem outstanding debt.

Ethzilla Corp., ETHZ

The stock price has suffered during this period. ETHZilla shares have tumbled roughly 97% since their August peak.

Real-World Asset Tokenization Plans

The jet engine purchase fits into a broader strategy. ETHZilla is pivoting toward bringing real-world assets onto the blockchain.

The company outlined these plans in a December shareholder letter. ETHZilla announced a partnership with Liquidity.io, a regulated broker-dealer and SEC-registered alternative trading system.

Before that announcement, ETHZilla took a 15% stake in Zippy. The lender focuses on manufactured home loans.

ETHZilla plans to tokenize those loans as compliant, tradable instruments. The company also acquired a stake in auto finance platform Karus with similar goals.

Aerospace Market Conditions

Buying and leasing jet engines is a standard business practice in aerospace. Companies like AerCap, Willis Lease Finance Corporation, and SMBC Aero Engine Lease operate in this space.

Airlines lease jet engines as spares to keep planes operational. If a primary engine fails, the spare ensures no disruption.

The aerospace industry is currently facing an engine supply squeeze. IATA said its airline members would pay about $2.6 billion to lease spare engines in 2025.

The global aircraft engine leasing market is growing. TechSci Research expects it to expand from $11.17 billion in 2025 to $15.56 billion by 2031 at a 5.68% CAGR.

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