PANews August 4th news, according to GlobeNewswire, Ether Machine announced that its subsidiary The Ether Reserve LLC has increased its holdings by 10,605 ETH at an average price of $3,781 per coin, bringing the total amount of ETH purchased and committed to hold to 345,362 coins since the company's establishment earlier this month. 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, re-staking, and other methods, and plans to provide infrastructure services for institutions and the Ethereum ecosystem.
