Ethereum Treasury Company ETHZilla spends $12.2 million to purchase two jet engines

Odaily Planet Daily reports that ETHZilla disclosed in an SEC document that the company, through its newly established subsidiary ETHZilla Aerospace LLC, purchased two CFM56-7B24 aircraft engines for $12.2 million. The engines are currently leased to a major airline. ETHZilla has previously sold at least $114.5 million worth of ETH over the past few months. In October and December of last year, the company sold $40 million and $74.5 million worth of ETH respectively, for stock buybacks and debt redemption. ETHZilla has stated that it will shift towards asset tokenization, planning to collaborate with regulated broker-dealers to bring cash-flow assets such as auto loans and home mortgages onto the blockchain, and expects to launch the first batch of tokenized assets in the first quarter of this year.