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.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Three weeks ago, a whale built a position in ETH and then liquidated 4,790 ETH, incurring a loss of approximately $125,000.
On-chain analyst detected that an address liquidated 4,790.33 ETH on March 8, incurring a loss of approximately $125,000. The address withdrew ETH at an average price of $1,971.98 in mid-February, and after holding for three weeks, recharged at $1,945.85. It previously had an unrealized profit of nearly $1 million on March 5.
GateNews1h ago
ETH/BTC Ratio Locks Into Tight Range – Why the 0.03 Level Is the Key to Ethereum’s Next Big Move
The ETH/BTC ratio indicates ongoing hype in altcoin season and the continuing march of Bitcoin to new heights. Ethereum and Bitcoin are moving closely together than they have before (with little distance between them) as indicated by the ETH/BTC ratio reaching some of the tightest historical
BlockChainReporter2h ago
Hidden "Death Spiral" Risk! Ethereum and Bitmine targeted by short-selling institutions
Ethereum is about to undergo a major upgrade, and the market is highly focused on it. However, short-selling firm Culper Research believes that the Ethereum economic model is failing and warns of a potential "death spiral." They point out that a significant drop in transaction fees and shrinking staking rewards will impact network security. The report also mentions Vitalik Buterin selling Ethereum and questions the market fundamentals, suggesting that Ethereum is facing a new reality.
区块客3h ago
