Catenaa, February 13, 2026 – ETHZilla’s Ethereum pivot marks a sharp shift for the crypto treasury firm. The company is selling part of its ETH holdings to purchase jet engines and enter the aircraft leasing market.
The move comes as Ethereum prices face ongoing pressure. Higher interest rates and tighter liquidity have weighed on risk assets, including digital tokens. Corporate treasury firms that rely on token gains are now exposed to balance sheet stress.
ETHZilla sold approximately $114 million in ETH to fund the purchase of two aircraft engines. The company still holds nearly 69,800 ETH, valued at almost $147 million. That places it among the larger public Ethereum holders.
However, crypto treasury models depend heavily on price growth. When prices fall, asset values drop quickly. Funding costs can rise concurrently. That mix creates strain for listed firms.
ETHZilla’s stock has fallen about 97% from its peak. Investors have become more cautious about companies closely tied to volatile crypto assets.
Aircraft engine leasing offers a different profile. Lease contracts often provide fixed payments over several years. Engines also retain resale value, which supports asset backing.
Industry data shows 28 entities hold more than 6.3 million ETH, worth over $12 billion. Corporate demand has helped support Ethereum markets in recent cycles. Yet recent sell-downs suggest some firms are reducing exposure to manage risk.
ETHZilla’s Ethereum pivot highlights a broader shift. Companies are seeking steadier income alongside digital assets. The next phase will depend on macro trends and Ethereum price stability.
