Ether Machine invested 10,600 ETH, bringing the total holdings to 345,000 ETH

According to reports from Hash Chain, Ether Machine announced that its subsidiary The Ether Reserve LLC has acquired an additional 10,605 ETH at an average price of $3,781 per ETH. Since the establishment of the company earlier this month, the total number of ETH purchased and committed to be held has reached 345,362. The funds for this increase came from a previous $97 million private placement. Ether Machine stated that it will continue to optimize ETH returns through staking and re-staking, and plans to provide infrastructure services for institutions and the Ethereum ecosystem.