In a plan to merge with Dynamix Corporation, The Ether Machine announced this morning (31) on X that it has purchased nearly 15,000 Ether (ETH). After the transaction, the institution's total ETH holdings have reached 334,757, with up to $407 million in funds reserved for further increasing its ETH position.
The Ether Machine stated in the post:
"We cannot imagine a better way to commemorate the 10th birthday of Ethereum than by deepening our commitment to ETH. We are just getting started. Our mission is to accumulate long-term, compound, and support ETH, seeing it not only as a financial asset but as the cornerstone of a new type of digital economy."
The market reacted enthusiastically to the purchase of 15,000 ETH in a single day.
The news of purchasing nearly 15,000 ETH in a single day immediately sparked discussions in the community. Many users expressed surprise and positive views. For example, one netizen commented: 'This is a very serious accumulation; buying 15,000 ETH in one day is no joke.' Another investor said, 'Seeing such a large amount of funds entering the market gives me more confidence in the long-term value of ETH.'
Additionally, some users suggested that the company should follow Bitmine and regularly disclose its Net Asset Value (NAV) to enhance transparency and market trust.
According to Strategicethreserve data, The Ether Machine's holdings have already ranked third among all ETH reserve entities, surpassing the Ethereum Foundation.
Ethereum stands above $3,800
After the Federal Reserve froze interest rates yesterday and Powell released hawkish remarks, Ethereum briefly dropped below $3,700, but has since quickly rebounded, reporting $3,854 before publication.
