Reflecting on its 10-year anniversary of the Ethereum network, The Ether Machine has purchased another 15,000 ETH at $56.9 million which has resulted to a total sum of 334,757 ETH, thus now the company’s holding is bigger than that of the Ethereum Foundation’s reported 234,000 ETH.
The firm has announced that the ETHs were acquired at an average price of $3,809 per coin, the payment being released from the cash proceeds of a private placement that was earlier declared. The new purchase makes the crypto investment firm the highest among institutional Ethereum stakeholders, thus leading the pack of players like Bitmine and SharpLink Gaming.
The fact that The Ether Machine would go public on Nasdaq as ETHM, their ticker symbol, sometime in Q4 2025 or later renders this announcement more tactful. The two entities The Ether Reserve and Dynamix Corp being the parties coming together to carry out the business combination, they aim to raise up to $1.6 billion through the listing.
Co-founder Andrew Keys reiterated the detoxing of the initiative:
“I can’t think of a more perfect way of celebrating our 10th birthday than going deeper into our commitment to the ether,” he told. “We are not just gathering ETH for the sake of making money — we see it as the infrastructure of a new internet economy that we are betting on.”
The Ether Machine still holds approximately $407 million in reserves, earmarked for further ETH acquisitions as part of its long-term compounding strategy.
As of 12:40 a.m. Thursday, ETH was trading at $3,862, up 1.5% in the past 24 hours, according to The Block’s Ethereum price tracker.
With this bold move and future Nasdaq listing in sight, The Ether Machine is not just stacking ETH — it’s cementing its presence as one of Ethereum’s largest institutional backers, potentially reshaping the ecosystem’s financial landscape.
