Ether Machine "heavily invested" celebrates Ethereum's birthday: Ambition to become the number 1 ETH whale in the market
On July 31, 2025, #EtherMachine announced it had spent nearly 57 million USD to acquire an additional 15,000 ETH through its subsidiary Ether Reserve LLC. At an average price of 3,809 USD/ETH, this deal raises the total amount of ETH owned by Ether Machine to 334,757 ETH, surpassing even the Ethereum Foundation (234,600 ETH).
This move was announced just in time for #Ethereum 's 10th anniversary, as a long-term commitment to the ecosystem. Chairman Andrew Keys emphasized: “We accumulate ETH not just for financial reasons, but because it is the backbone of the new internet economy.”
Notably, Ether Machine is preparing to merge with Dynamix Corporation (DYNX) and list on Nasdaq under the ticker ETHM in Q4 2025. The deal is expected to raise over 1.5 billion USD, with about 800 million USD coming from large funds such as Pantera, Electric Capital, Kraken Ventures...
Specifically, Andrew Keys himself will contribute 169,984 $ETH (worth over 645 million USD) from his personal assets to the company treasury. The goal post-merger is to hold over 400,000 ETH, becoming the organization with the most ETH in the market, surpassing both SharpLink Gaming and BitMine.
Although the information has garnered significant attention in the investment community, DYNX shares only increased slightly by 0.5%, closing at 10.8 USD.
Investing in the cryptocurrency market can yield high returns but also carries many risks. Please consider carefully before participating.