Ethere Machine, a facility-grade Ethereum (ETH) yield and infrastructure company, recently announced the addition of 15,000 ETH to its balance sheet. The purchase marks the 10th anniversary of Ethereum.
Ether machines continue to stack ETH
In a recent announcement, the Ether Machine confirmed that it had purchased nearly $56.9 million of ETH for $56.9 million. This acquisition coincides with a major milestone in the Ethereum network.
For beginners, the ether machine was established earlier this year through a combination of ether reserves and Dynamix Corp’s business registered with NASDAQ. The transaction is expected to close in the fourth quarter of 2025 and aims to open the company under the ticker symbol ETHM.
With the latest ETH purchase, the total shares in the Ether Machine will be 334,757 ETH. The company says it still holds about $407 million in cash in cash allocated for future ETH acquisitions. Commenting on the development, Chairman and co-founder Andrew Keys said:
I couldn’t imagine a better way to celebrate Ethereum’s 10th birthday than deepening my commitment to ether. I’ve just started. Our mission is to accumulate, combine and support ETH in the long term. Not only as a financial asset, but also as the backbone of the new Internet economy.
Remember that the key has recently been created Heading Public support for Ethereum over Bitcoin (BTC). He compared the advantage of ETH in the Stablecoin space with Google in search.
In particular, the 15,000 ETH purchases were funded from $97 million in cash proceeds raised through previously announced privately owned placements. The company noted that additional ETH purchases are expected in the coming days.
Following the acquisition, Ether Machine came third on the list of companies with the largest ETH reserves, according to StrategicEthReserve data. Currently, we only track Bitmine Immersion Tech (625,000 ETH) and Sharplink Gaming (438,200 ETH).
Is Ethereum in the spotlight from Bitcoin?
While Bitcoin continues to be the largest cryptocurrency by market capitalization, Ethereum is gaining increasingly institutional attention. Many companies have begun in 2025 addition ETH on the balance sheet.
For example, Bit Digital, a digital asset company registered with NASDAQ. I’ve got it 19,683 ETH Last week, it brought total holdings to more than 120,000 ETH. The company is currently ranked 7th among the largest ETH reserves.
Similarly, the recent Ethereum-centric company BTCS Inc. announcement The majority of revenues aimed at expanding the ETH portfolio will raise up to $2 billion. At press time, ETH will trade at $3,777, a 0.2% decrease over the past 24 hours.
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