Ether Machine adds 15,000 ETH, becomes the 3rd largest corporate holder of Ethereum

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, the firm’s dedicated treasury arm. According to the company, the purchase was funded from a $97 million private placement and marks the start of its broader treasury deployment. As of now, the Ether Reserve still holds $407 million in cash reserves earmarked for additional ETH purchases shortly. “We couldn’t imagine a better way to commemorate Ethereum’s 10th birthday than by deepening our commitment to ether,” co-founder and chairman Andrew Keys said in the press release. “We are just getting started. 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.” Nasdaq listing on the horizon Ether Machine was formed through a business combination between The Ether Reserve and Nasdaq-listed Dynamix Corporation earlier this year. The deal, which is expected to close in the fourth quarter of 2025 pending regulatory and shareholder approvals, will see the merged entity go public under the ticker symbol “ETHM.” The transaction includes over $1.5 billion in fully committed capital, anchored by a $645 million Ethereum contribution from Keys. An additional $800 million in equity commitments has been secured from a consortium of institutional backers, including Kraken, Pantera Capital, Blockchain.com, Electric Capital, Archetype, and 1Roundtable/10T Holdings. Upon listing, ETHM is expected to debut with the largest Ethereum treasury of any publicly traded company. Its core strategy centres on generating ETH-denominated yield through staking, restaking, and structured DeFi participation, a model that’s fast becoming a staple among companies adopting an Ethereum treasury strategy. When operational, Ether Machine also plans to offer Ethereum-native infrastructure services to institutional clients, DAOs, and developers, including validator node operations and custom block-building tools. Corporate race for ETH intensifies Over the past few months, Ethereum seems to have become the new coveted treasury asset , mostly due to its passive yield potential through staking and its central role in powering decentralised finance and tokenised real-world assets. Experts at Standard Chartered have reported that public companies have already acquired 1% of Ethereum’s circulating supply since June, and the total corporate holdings now exceed 1.26 million ETH. The bank estimates this figure could rise tenfold in the coming years. It’s not just new capital that’s flowing into Ethereum; companies from outside the crypto sector are also pivoting toward ETH as they rethink their treasury strategies. One of the boldest examples is Nasdaq-listed 180 Life Sciences, which recently announced plans to exit biotech entirely and rebrand as ETHZilla. Another new entrant, FG Nexus — formerly Fundamental Global — is also pivoting to Ethereum. The firm launched a $200 million raise to fund ETH acquisitions. Among existing players, SharpLink Gaming and BitMine Immersion Technologies remain at the forefront of corporate ETH accumulation. SharpLink , often dubbed the “MicroStrategy for Ethereum,” recently expanded its holdings to 438,190 ETH; however, BitMIne currently leads the pack with over 625,000 Ether in its reserves as per data from StrategicETHReserve. The post Ether Machine adds 15,000 ETH, becomes the 3rd largest corporate holder of Ethereum appeared first on Invezz

Source: Invezz