Stacy Pereira
- The Ether Machine acquires 15,000 ETH at ~$3,809 per token, taking its total Ethereum holdings to ~334,757 ETH.
- Corporate Ethereum holdings now exceed 2.7 million ETH, with a total strategic reserve value surpassing $10 billion.
- Ether Machine plans to go public via a merger with Dynamix Corporation and wants to have over 400,000 ETH at launch.
Ethereum-focused investment firm The Ether Machine has acquired 15,000 ETH at approximately $3,809 per token. The Ether Machine is backed by Kraken and Pantera, and this latest buy marks a $56.9 million investment in Ethereum. The company still has around $407 million in cash reserves earmarked for further purchases.
This acquisition, made via subsidiary The Ether Reserve LLC, was timed to coincide with Ethereum’s 10th anniversary. It reflects the firm’s long‑term strategy of systematically accumulating ETH, then compounding value through staking, restaking, and strategically participating in DeFi protocols.
Growing institutional ETH holders
This purchase places Ether Machine ahead of the Ethereum Foundation in corporate holdings of ETH. The Ethereum Foundation holds around 234,000 ETH in its treasury, whereas Ether Machine’s total now stands at ~334,757 ETH. Other notable public holdings include BitMine (625,000 ETH), SharpLink (438,190 ETH) & Bit Digital (100,603 ETH). Corporate Ethereum holdings now exceed 2.7 million ETH, with a total strategic reserve value surpassing $10 billion.
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Andrew Keys, Chairman, The Ether Machine wrote on social media: “We couldn’t imagine a better way to commemorate Ethereum’s 10th birthday than by deepening our commitment to Ether. We are just getting started. Our mandate is to accumulate, compound, and support ETH for the long term – not just as a financial asset, but as the backbone of a new internet economy.” Additionally, Keys personally donated $100,000 to the Protocol Guild, a community initiative funding Ethereum’s core maintainers.
Ether Machine’s IPO plans
Looking ahead, Ether Machine plans to go public via a merger with Dynamix Corporation, aiming to list on the Nasdaq under the ticker ETHM. They expect to have over 400,000 ETH on their balance sheet at launch, positioning themselves as one of the largest institutional ETH holders globally. Analysts note Ethereum is increasingly seen as a treasury-grade asset, with many institutions following a “Saylor-inspired” accumulation strategy and the growing popularity of Ethereum ETFs among institutional players.
