The 'Ethereum version of MicroStrategy'— ETHZilla (NASDAQ: $ETHZ) has recently left the market stunned with a series of moves: massively selling Ethereum, only to buy aircraft engines for RWA?
🔍 Full picture of the event:
1. Large-scale monetization: ETHZilla, after selling at least $114.5 million, spent $12.2 million to purchase two CFM56-7B24 jet engines through its newly established aviation subsidiary.
2. New business model: Don't get me wrong, they are not going to start their own airline, but rather leasing these engines to large airlines for rental income and tokenizing this cash flow into RWA.
3. Transformation Background: The company previously faced significant financial pressure due to accumulating ETH at high prices, with its stock price having fallen by about 97% since the peak in August last year.
💡 Why choose aircraft engines as RWA?
• High entry barriers + High returns: Aviation assets are typical of heavy assets and high technical barriers, providing extremely stable returns, making them the 'underlying assets' that traditional institutions love the most.
• On-chain Vision: ETHZilla plans to collaborate with the compliant broker Liquidity.io to bring aviation assets, car loans, and mortgage loans on-chain, with the first batch of tokens expected to be released in Q1 2026.
📉 Polarization of Investors:
• Bearish: “Initially, we agreed to be steadfast believers in Ethereum, but ended up buying high and selling low. Now we’re getting into leasing, the company’s positioning has already collapsed.”
• Bullish: “This is the real implementation of RWA. Compared to simply holding the highly volatile ETH, the tokenization of physical assets that can generate continuous cash flow is the necessary path for Web3 to go mainstream.”
💬 Interactive Topic:
Do you think ETHZilla's shift from 'pure digital treasury' to 'physical asset RWA' is a strategy born out of desperation for the company, or is it a sign of an explosion in the RWA sector?
If you hold $ETH, would you prefer to hold the token itself or hold this RWA token that can 'collect airplane rent'? See you in the comments! 👇
#Ethereum #RWA #ETHZilla #内容挖矿 #以太坊ETF