The Ether Machine announces the increase of 10,605 ETH holdings, total holdings reach 345,362 ETH
BlockBeats news, on August 4, reported by GlobeNewswire, The Ether Machine and Dynamix (NASDAQ: DYNX) announced today that its subsidiary The Ether Reserve LLC has increased its holdings by 10,605 ETH at an average price of $3,781. This move is an important part of its long-term accumulation strategy. As of now, the total amount of ETH purchased and locked up since the beginning of this month has reached 345,362 ETH.
The funds for this acquisition come from the company's previously announced private placement financing, which raised $97 million in cash reserves. Following last week's acquisition of approximately 15,000 ETH to commemorate the 10th anniversary of Ethereum, this increase marks the continued advancement of its strategic layout.
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