The Ether Machine now holds 334,757 ETH, surpassing the Ethereum Foundation's 234,000 ETH reserve.
Corporations have acquired 1% of Ethereum’s total supply since June, doubling the pace of Bitcoin accumulation.
SharpLink Gaming’s latest ETH purchase brings its holdings to 449,276 ETH, valued at approximately $1.73 billion.
The Ether Machine has become the third-largest holder of Ether after acquiring 15,000 ETH this week. As reported by CryptoNewsLand, the purchase, worth $56.9 million, raised its total Ethereum holdings to 334,757 ETH, based on a reported acquisition price of $3,809 per token. The transaction was made public Wednesday in a news release, coinciding with Ethereum’s tenth anniversary.
The firm, created earlier this year through a merger between The Ether Reserve and Nasdaq-listed Dynamix Corp., is finalizing plans to go public under the ticker ETHM. The expected listing is set for the fourth quarter, with a capital raise target of $1.6 billion.
Ether Machine Now Among Top Three ETH Holders
StrategicETHReserve data shows that The Ether Machine now holds more Ether than the Ethereum Foundation. The Foundation reportedly holds 234,000 ETH. The only corporate entities ahead of it are Bitmine and SharpLink Gaming. The Ether Machine still has $407 million in reserve allocated for further Ether acquisitions, according to Wednesday’s announcement.
Source: StrategicETHReserve
SharpLink Gaming also increased its ETH holdings Thursday. The company acquired 11,259 ETH for $43.09 million in USDC. This purchase was made at an average price of $3,828, based on on-chain records. SharpLink’s ETH balance now stands at 449,276 tokens, valued at about $1.73 billion.
Institutional Ethereum Accumulation Accelerates
Standard Chartered reported that corporations are acquiring ETH at double the rate of Bitcoin. The bank said that crypto treasury firms have purchased 1% of Ethereum’s total supply since June. These large-scale acquisitions have added to ETH’s market momentum, pushing prices closer to the bank’s $4,000 year-end projection.
Despite the buying spree, Ethereum remains more than 20% below its peak price of $4,890. Analysts tracking on-chain activity report increased corporate interest in staking and decentralized finance (DeFi) opportunities. According to Standard Chartered, ETH treasury firms could eventually control up to 10% of the token’s supply.
Additional Funding and Development Activity
Andrew Keys, chairman and co-founder of The Ether Machine, also donated $100,000 to the Protocol Guild. The funding supports Ethereum’s core developers and builds on previous contributions. The Protocol Guild has reportedly distributed millions to over 150 developers working on Ethereum’s infrastructure.
Meanwhile, companies continue to increase activity in Ethereum-related markets, including tokenized asset deployment and institutional-grade custody. Youssef, an executive involved in these developments, said Ethereum is hosting infrastructure key to onchain payments and financial automation. Ethereum’s rising corporate adoption and ongoing developer support mark significant milestones during its tenth year in operation.
