The Ether Machine, an institutional-grade Ethereum (ETH) yield and infrastructure firm, just lately introduced the addition of 15,000 ETH to its steadiness sheet. The acquisition coincided with Ethereum’s 10-year anniversary.
The Ether Machine Continues To Stack ETH
In a latest announcement, The Ether Machine confirmed it had bought practically 15,000 ETH for $56.9 million, at a median value of $3,809 per ETH. The acquisition coincides with a significant milestone for the Ethereum community.
For the uninitiated, The Ether Machine was established earlier this yr by a enterprise mixture between The Ether Reserve and Nasdaq-listed Dynamix Corp. The transaction – set to shut in This autumn 2025 – goals to take the corporate public beneath the ticker image ETHM with a fundraising goal of $1.6 billion.
The most recent ETH buy brings The Ether Machine’s whole holdings to 334,757 ETH. In accordance with the corporate, it nonetheless holds roughly $407 million in money earmarked for future ETH acquisitions. Commenting on the event, Andrew Keys, Chairman and Co-Founder, said:
We couldn’t think about a greater technique to commemorate Ethereum’s tenth birthday than by deepening our dedication to Ether. We’re simply getting began. Our mandate is to build up, compound, and help ETH for the long run – not simply as a monetary asset, however because the spine of a brand new web financial system.
It must be recalled that Keys just lately made headlines for publicly favoring Ethereum over Bitcoin (BTC). He in contrast ETH’s dominance within the stablecoin area to Google’s dominance in search.
Notably, the 15,000 ETH buy was funded from $97 million in money proceeds raised by a beforehand introduced non-public placement. The agency famous that extra ETH purchases are anticipated within the coming days.
Following the acquisition, The Ether Machine climbed to 3rd place on the listing of firms with the biggest ETH reserves, in keeping with information from StrategicETHReserve. It now trails solely Bitmine Immersion Tech (625,000 ETH) and SharpLink Gaming (438,200 ETH).
Ethereum Taking The Highlight From Bitcoin?
Whereas Bitcoin stays the biggest cryptocurrency by market cap, Ethereum is more and more drawing institutional consideration. In 2025, quite a few companies have begun adding ETH to their steadiness sheets.
For instance, Nasdaq-listed digital asset agency Bit Digital acquired 19,683 ETH final week, bringing its whole holdings to over 120,000 ETH. The corporate at the moment ranks seventh amongst companies with the biggest ETH reserves.
Equally, Ethereum-focused agency BTCS Inc. just lately unveiled plans to boost as much as $2 billion, with the majority of proceeds meant for increasing its ETH portfolio. At press time, ETH trades at $3,777, down 0.2% prior to now 24 hours.
Featured picture from Unsplash.com, charts from StrategicETHReserve.xyz and TradingView.com
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