Ether Machine adds 15,000 ETH, becomes the 3rd largest corporate holder of Ethereum
Main Idea
The Ether Machine has acquired 15,000 ETH, becoming the third-largest corporate holder of Ethereum, and plans a Nasdaq listing under the ticker 'ETHM' by Q4 2025.
Key Points
1. The Ether Machine purchased 15,000 ETH for $56.9 million, bringing its total holdings to 334,757 ETH.
2. The acquisition was funded through a $97 million private placement, with $407 million in cash reserves remaining for future ETH purchases.
3. The company plans to list on Nasdaq under the ticker 'ETHM' in Q4 2025, backed by over $1.5 billion in committed capital.
4. Ether Machine's strategy includes generating ETH-denominated yield through staking, restaking, and DeFi participation.
5. Corporate holdings of Ethereum are increasing, with companies like SharpLink Gaming and BitMine Immersion Technologies leading in ETH accumulation.
Description
The Ether Machine has become the third-largest corporate holder of Ethereum after its latest acquisition of 15,000 ETH. Celebrating Ethereum’s 10-year anniversary, the company added $56.9 million worth of ETH on July 30 at an average price of $3,809.97 per token. The purchase brings The Ether Machine’s total holdings to 334,757 ETH, cementing its position among the top firms accumulating Ethereum as a long-term strategic asset. The latest acquisition was executed through The Ether Reserve LLC, t...
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