Crypto Investment Entity Ether Machine Scoops 15,000 ETH, Surpasses Ethereum Foundation
Main Idea
Ether Machine, a crypto investment entity, has acquired 15,000 ETH, bringing its total holdings to 334,757 ETH, surpassing the Ethereum Foundation's holdings, and plans further accumulation as part of its long-term strategy.
Key Points
1. Ether Machine purchased 15,000 ETH worth $56.9 million at $3,809.97 per token, increasing its total holdings to 334,757 ETH.
2. The company now holds more ETH than the Ethereum Foundation, which has 234,600 ETH.
3. Ether Machine plans to trade under the ticker ETHM after a SPAC merger and aims to accumulate ETH as a strategic asset for the new internet economy.
4. Ethereum celebrated its 10th anniversary with a global livestream featuring Vitalik Buterin and other key figures.
5. ETH's price was $3,860 at the time of reporting, up 1% in 24-hour trading.
Description
Ether Machine, backed by several high-profile industry investors including Pantera Capital and Kraken, has announced purchasing 15,000 ETH as part of its long-term treasury strategy. Per an official release , the company bought ETH worth $56.9 million at $3,809.97 per token. The fresh purchase brings its total ETH holdings to 334,757 ETH and has $407 million for additional Ethereum purchases. The ETH accumulation is timed to coincide with Ethereum’s 10th anniversary , the release noted. Over a d...
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