ETHZilla Buys 15% of Zippy to Tokenize Manufactured-Home Loans
ETHZilla (ETHZ) expanded its push into real‑world assets by acquiring a 15% stake in digital housing lender Zippy, aiming to bring manufactured‑home chattel loans onchain. The transaction is the company’s second deal in one week.
Per a Wednesday announcement, ETHZilla will pay $5 million in cash and $16.1 million in stock for the 15% interest in Zippy, a United States lender founded in 2021 that originates manufactured‑home loans via a digital platform.
The firms plan to connect Zippy’s loan‑origination and AI‑driven systems with ETHZilla’s tokenization infrastructure to distribute manufactured‑home chattel loans onchain, with potential forward‑flow sales to institutional buyers.
As part of the agreement, ETHZilla will obtain a board seat at Zippy and a 36‑month exclusivity arrangement under which Zippy will use ETHZilla’s platforms for all blockchain infrastructure, digital asset issuance and tokenization.
ETHZilla, identified by CoinGecko as the sixth‑largest Ether (ETH) treasury company, said the investment advances its broader strategy in real‑world asset markets.
Top Ethereum treasury companies. Source: CoinGecko
The announcement follows ETHZilla’s purchase one week earlier of a 20% fully diluted stake in auto‑finance startup Karus for $10 million in cash and stock.
ETHZilla’s shares were down about 10% at the time of writing, according to Yahoo Finance.
Source: Yahoo Finance
Ether treasury stocks see sharp pullbacks
Several publicly traded companies that adopted Ether as a balance‑sheet asset this year have experienced significant share‑price declines alongside the token’s retreat, including ETHZilla.
Formerly 180 Life Sciences Corp, ETHZilla announced its shift to an Ether treasury model on July 29. The stock rose from a $45 open that day to a $107 close by Aug. 13, then fell roughly 91% to trade near $10 at the time of writing.
SharpLink Gaming introduced an Ethereum treasury approach in May, alongside a $425 million private placement that included Consensys as an investor and the nomination of Ethereum co‑founder Joseph Lubin as chairman. The stock rallied more than 130% to $79.21 on May 29, then declined to about $11.77 on Wednesday, per Yahoo Finance.
Source: Yahoo Finance
Bitmine Immersion, an Ether treasury company led by Fundstrat co‑founder Tom Lee, has also weakened. Its shares reached an all‑time high of $135 in July and have since fallen to around $40 at the time of writing.
Source: Yahoo Finance
In August, Komodo Platform chief technology officer Kadan Stadelmann said companies pursuing ETH treasury strategies face structural risks, cautioning that market downturns could trigger forced liquidations and intensify selling pressure on the token.
Ether has retreated from its all‑time high of $4,946.05 on Aug. 24 and was trading at $3,365, according to CoinGecko.
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