The Ether Machine has made a bold move in the crypto market, acquiring 15,000 ETH worth $56.9 million, pushing its total Ethereum holdings well beyond the Ethereum Foundation’s reserve.
Ether Machine Now Holds Over 334,000 ETH
In a strategic buy disclosed Wednesday, The Ether Machine revealed it purchased the latest batch of ETH at $3,809 per coin, reinforcing its long-term accumulation mandate. This brings its total holdings to 334,757 ETH, currently valued at over $1.28 billion, depending on market price fluctuations.
The Ethereum Foundation currently holds an estimated 234,000 ETH, according to data from StrategicETHReserve, making The Ether Machine the largest non-custodial holder among crypto-native organizations.
IPO Plans Set for Nasdaq Under Ticker ETHM
The Ether Machine is preparing for a public listing on the Nasdaq under the ticker ETHM, expected sometime in or after Q4 2025. The firm emerged from a merger between The Ether Reserve and Nasdaq-listed Dynamix Corp, with plans to raise up to $1.6 billion as part of the transition.
The company reportedly still has over $407 million in liquid capital reserved for future ETH purchases, suggesting continued pressure on Ethereum supply and long-term bullish positioning.
ETH Accumulation Tied to Ethereum’s 10-Year Milestone
The announcement came as Ethereum marked its 10th anniversary, and Ether Machine co-founder Andrew Keys tied the symbolic moment to their investment strategy:
“We couldn’t imagine a better way to commemorate Ethereum’s 10th birthday than by deepening our commitment to ether,” Keys said. “Our mandate is to accumulate, compound, and support ETH for the long term – not just as a financial asset, but as the backbone of a new internet economy.”
ETH Price Reacts Modestly
Ethereum’s price rose 1.5% in 24 hours, trading at $3,862 following the announcement. Market sentiment remains cautiously bullish as institutional accumulation continues to shape Ethereum’s supply dynamics.
The Ether Machine’s rise signals a growing institutional belief in ETH as a store of value and digital infrastructure asset.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.