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Key Takeaways:
- The Ether Machine now holds more ETH than the Ethereum Foundation, with a total reserve of 334,757 ETH.
- A $56.9 million ETH purchase was funded through a private capital raise, with $407 million still available for future acquisitions.
- A Nasdaq listing under the ticker ETHM is expected in Q4, alongside a planned $1.6 billion raise to back its Ethereum-focused strategy.
In a bold move signaling deep institutional confidence in Ethereum, The Ether Machine has acquired 15,000 ETH for approximately $56.9 million. This latest purchase increases the firm’s total ether reserve to 334,757 ETH—exceeding the Ethereum Foundation’s estimated 234,000 ETH. The acquisition coincides with Ethereum’s 10th anniversary, marking the start of an aggressive ETH accumulation strategy.
Purchase Funded by Private Capital Raise
The transaction was executed by The Ether Reserve LLC, a subsidiary of The Ether Machine, at an average price of $3,809 per ETH. Funding for the purchase came from a $97 million capital raise, with $407 million still available for future ETH acquisitions. Conor, a company representative, confirmed the purchase on social media, reinforcing the firm’s long-term vision to compound ETH reserves.
BREAKING: Pantera-backed Ether Machine just acquired 15,000 $ETH worth $56.9 million.
— Conor Kenny (@conorfkenny) July 31, 2025
It now holds a total of 334,757 $ETH. pic.twitter.com/T3v4zYKC2j
Nasdaq Listing and $1.6B Raise in the Pipeline
The Ether Machine is preparing for a public debut on Nasdaq under the ticker symbol ETHM following a merger with Dynamix Corp., slated to finalize in Q4 2025. As part of its listing plan, the company is eyeing a $1.6 billion raise to further support its Ethereum-centric investment model. This move positions the firm alongside other top corporate ETH holders like Bitmine and SharpLink Gaming.
Also Read: 10 Years of Ethereum : ETH Meme Coin Pepeto Ends Stage 6 With $5.770.000 Raised In Presale
Supporting Ethereum’s Future Through the Protocol Guild
In a symbolic gesture tied to the transaction, co-founder Andrew Keys donated $100,000 to the Protocol Guild, a collective that supports over 150 Ethereum core contributors. The Guild funds researchers and developers maintaining the protocol, aligning with The Ether Machine’s commitment to Ethereum’s long-term ecosystem sustainability.
The Ether Machine’s 15,000 ETH purchase not only elevates it above the Ethereum Foundation in holdings but also signals a new phase of institutional adoption. With a Nasdaq listing ahead and hundreds of millions still to deploy, the firm is emerging as a key player in Ethereum’s evolving narrative.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
