ChainCatcher news, reported by GlobeNewswire, The Ether Machine today announced that its subsidiary The Ether Reserve LLC has increased its holdings of 10,605 ETH at an average price of $3,781. This increase is part of the company's long-term accumulation strategy, funded by a previous $97 million private placement.

Since the beginning of this month, the total amount of ETH purchased and committed by The Ether Machine has reached 345,362 ETH. The company plans to operate these assets through staking, re-staking, and other methods, and to provide Ethereum infrastructure services to institutions.