The Ether Machine marked Ethereum’s 10th birthday by purchasing nearly 15,000 ETH tokens for $56.9 million at an average price of $3,809.97 each.
This acquisition is part of their ongoing long-term strategy to build one of the largest institutional-grade ETH treasuries. With this purchase, The Ether Reserve LLC has accumulated a total of 334,757 ETH, committing billions more to future acquisitions as it seeks to deepen its stake in the cornerstone asset of the decentralized internet.
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 couldn’t imagine a better way to commemorate…
— The Ether Machine (@TheEtherMachine) July 30, 2025
Chairman and Co-Founder Andrew Keys emphasized that this significant ETH treasury deployment celebrates Ethereum’s decade of innovation while highlighting The Ether Machine’s confidence in ETH as more than a financial asset. “We are just getting started,” Keys stated, highlighting the company’s mission to not only accumulate and compound ETH holdings but also to support the broader web3 economy powered by Ethereum.
The purchase was funded from $97 million in cash proceeds raised through a prior private placement, with further ETH acquisitions planned in the coming days. In conjunction with the treasury build, Keys made a personal $100,000 donation to the Protocol Guild—a community-led initiative that sustainably funds Ethereum’s core developers responsible for the protocol’s maintenance and evolution.
“Ethereum would not exist without the tireless work of its core developers,”
Keys remarked. The donation reflects a commitment to open-source sustainability in the Ethereum ecosystem, recognizing those who maintain the protocol’s underlying infrastructure.
Formed through a pending merger with Nasdaq-listed Dynamix Corporation, The Ether Machine aims to become a leading institutional vehicle for Ethereum exposure. Its business model focuses on optimizing ETH returns through staking, restaking, and risk-managed DeFi participation, while providing infrastructure solutions for enterprises and DAOs leveraging Ethereum’s blockchain.
Notably, Standard Chartered’s analysis recently highlighted the rising trend of institutional adoption of Ethereum. This indicates a significant shift in corporate investment strategies, with companies now acquiring Ether at a faster rate than Bitcoin, reflecting a growing preference for Ethereum as a treasury asset.
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