Ether Machine Expands Ethereum Holdings, Plans Nasdaq Listing Amid Growing Corporate Interest

Ethereum

Ether Machine Expands Ethereum Holdings, Plans Nasdaq Listing Amid Growing Corporate Interest

• Ether Machine purchased 15,000 ETH, increasing its reserves to 334,757 ETH and surpassing the holdings of the Ethereum Foundation.
• The company plans to go public on Nasdaq as ETHM after merging with Dynamix Corp, aiming to raise $1.6 billion.
• Ether Machines actions highlight strong corporate confidence in Ethereum as a long-term investment and ecosystem supporter.

Ether Machine has announced the purchase of 15,000 ETH as part of its long-term cryptocurrency accumulation strategy.

According to a recent press release, the company acquired this batch of ETH at a price of $3,809 per coin, totaling $56.9 million. The purchase was funded through proceeds from a previously announced private placement.

The Ether Reserve has purchased nearly 15,000 ETH today as part of our long-term accumulation strategy. This brings total ETH purchased and committed to 334,757 with up to $407,000,000 USD remaining for additional ETH purchases.

We couldnt imagine a better way to commemorate…

— The Ether Machine (@TheEtherMachine) July 30, 2025

This latest acquisition increases Ether Machines total reserves to 334,757 ETH, with an additional $407 million allocated for future purchases.

Surpassing the Ethereum Foundation

With this purchase, Ether Machine has now surpassed the Ethereum Foundation, which holds approximately 234,000 ETH, according to data from StrategicETHReserve. Tom Lee‘s Bitmine and Joe Lubin’s SharpLink Gaming remain the largest corporate holders of Ethereum.

The company highlighted that the timing of this announcement coincides with Ethereums tenth anniversary.

“We couldn‘t imagine a better way to commemorate Ethereum’s 10th birthday than by deepening our commitment to Ether,” said Ether Machine co-founder Andrew Keys. “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.”

Plans to go public

Ether Machine was formed earlier this year after a merger between Ether Reserve and Nasdaq-listed Dynamix Corp. The deal is expected to close in the fourth quarter. Following closing, the company plans to go public on Nasdaq under the ticker ETHM, aiming to raise $1.6 billion.

This purchase underscores the growing corporate interest in Ethereum as a long-term asset. Ether Machine positions itself not just as an investor, but as an active participant in the Ethereum ecosystem, supporting the ongoing development of the technology.

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