The Ether Machine, an institutional quality yield and infrastructure company (ETH), recently announced the addition of 15,000 ETH to its balance sheet. The purchase coincided with 10th anniversary of Ethereum.
The ether machine continues to stack eth
In a recent announcement, the Ether machine confirmed that it had bought nearly 15,000 ETH for $ 56.9 million, at an average price of $ 3,809 per ETH. The acquisition coincides with an important step for the Ethereum network.
For the uninitiated, the ether machine was created earlier this year thanks to a combination of businesses between the Ether and Dynamix Corp reserve. The transaction – of the transaction – scheduled for the fourth quarter of 2025 – aims to make the company public under the symbol of Ticker Ethm with a fundraising target of $ 1.6 billion.
The latest purchase of ETH brings total ether machine to 334,757 ETH machine. According to the company, it still has around 407 million dollars in cash allocated to future ETH acquisitions. Commenting on development, Andrew Keys, president and co-founder, said:
We could not imagine a better way to commemorate Ethereum’s 10th anniversary than to deepen our commitment to Ether. We are just starting. Our mandate is to accumulate, compose and support the long -term ETH – not only as a financial asset, but as the backbone of a new Internet economy.
It should be remembered that the keys have recently made securities To publicly promote Ethereum on Bitcoin (BTC). He compared ETH’s domination in Stablecoin space to Google’s domination in research.
In particular, the purchase of 15,000 ETH was funded from $ 97 million in cash products raised thanks to a private placement announced previously. The company has noted that additional ethn purchases are expected in the coming days.
After the acquisition, the ether machine climbed in third place in the list of companies with the largest ETH reserves, according to data from StrategiceTheerve. He now follows Bitmin Immersion Tech (625,000 ETH) and Sharplink Gaming (438,200 ETH).
Ethereum taking Bitcoin projectors?
While Bitcoin remains the largest cryptocurrency by market capitalization, Ethereum is increasingly attracting institutional attention. In 2025, many companies started addition ETH with their balance sheets.
For example, the digital asset company listed at Nasdaq Bit Digital acquired 19,683 ETH last week, bringing its total assets to more than 120,000 ETH. The company is currently ranking seventh among companies with the largest reserves of ETH.
Likewise, the company focused on Ethereum BTCS Inc. recently revealed plans to raise up to $ 2 billion, most of the product intended to extend its ETH portfolio. At the time of the press, the ETH is negotiated at $ 3,777, down 0.2% in the last 24 hours.
StrategiceTheerve.xyz and tradingView.com
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