The Ether Machine Boosts Ethereum Holdings to $1.2 Billion With $40 Million Purchase

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The Ether Machine has increased its Ethereum holdings to 345,362 ETH, valued at approximately $1.2 billion, after acquiring an additional $40 million worth of the cryptocurrency. The latest purchase, made through its subsidiary The Ether Reserve LLC, involved 10,605 ETH at an average price of $3,781 per token.

This move follows a previous acquisition of 15,000 ETH and strengthens the company’s position as one of the largest corporate holders of Ethereum. It now trails only a few major industry players, including BitMine with more than 833,000 ETH and SharpLink with around 480,000 ETH.

Co-founder and chairman Andrew Keys stated that the company’s strategy differs from passive holding. “Our mandate is to buy ETH, stake it, restake it, and put it to work onchain, in full view of the public markets. We’re building a machine designed to grow Ethereum’s capital base,” Keys said.

Rather than simply keeping Ethereum as a balance-sheet asset, The Ether Machine actively deploys its holdings through staking and decentralized finance to generate compounding returns. The company views this approach as a way to strengthen Ethereum’s infrastructure while delivering value to stakeholders.

The Ether Machine is also preparing to go public through a merger with Dynamix Corporation, a move that could raise around $1.6 billion. The funds would be used to further expand its Ethereum holdings and develop its institutional services.

As one of the few firms openly disclosing its Ethereum reserves and operational strategy, The Ether Machine aims to set a precedent for transparency and active participation in the Ethereum ecosystem.