The Ether Machine Kicks Off $463M ETH Treasury Strategy With $57M Purchase

Description

The Ether Machine, a crypto infrastructure firm preparing to go public via a merger with SPAC sponsor Dynamix, said it executed its first major ether (ETH) purchase , acquiring nearly 15,000 ETH for $56.9 million. The transaction, at an average price of $3,809.97, marks the start of the company’s treasury deployment strategy, which includes plans to accumulate over 334,000 ETH. The Ether Machine has some $407 million remaining for ETH purchases, bringing its total committed and acquired exposure...