Ether treasury ETHZilla buys plane engines amid tokenization focus
ETHZilla acquired two aircraft engines for $12 million, just weeks after the company said it was renewing its focus on tokenizing real-world assets.
The Ethereum treasury company ETHZilla has purchased two jet engines after selling off some of its crypto stash and increasing its focus on asset tokenization.
ETHZilla said in a regulatory filing on Friday that it purchased two aircraft engines through a newly formed subsidiary, ETHZilla Aerospace LLC, for $12.2 million in cash.
The engines, which are used in large commercial planes, came with existing lease agreements with a major airline, enabling the firm to begin earning yields from them.