- Ether Machine purchased 15,000 ETH for $56.9 million, increasing its holdings to 334,757 ETH and entering the top three ETH holders.
- The company now holds more ETH than the Ethereum Foundation, which holds 234,600 ETH, marking a major milestone in institutional accumulation.
- Ether Machine pledged $100,000 to support Ethereum developers through the Protocol Guild, aligning the move with Ethereum’s 10th anniversary.
The Ether Machine has officially surpassed the Ethereum Foundation in total ETH holdings after acquiring 15,000 ETH, entering the top three publicly listed ETH holders.
Ether Machine Joins Top 3 ETH Holders with New $56.9M Purchase
The Ether Machine’s latest acquisition of 15,000 ETH, valued at approximately $56.9 million, brings its total ETH holdings to 334,757. The purchase was executed through its subsidiary, The Ether Reserve LLC, at a price of $3,809.97 per token. This move places the company ahead of the Ethereum Foundation, which currently holds 234,600 ETH.
According to the company’s statement, the accumulation is part of its long-term treasury strategy. The Ether Machine still has around $407 million in reserve for additional ETH purchases. This latest move also marks the company’s rise into the top three ETH-holding entities among publicly listed firms, alongside Bitmine and SharpLink.
Chairman and Co-Founder Andrew Keys stated, “We are just getting started. Our mandate is to accumulate, compound, and support ETH for the long term—not just as a financial asset, but as the backbone of a new internet economy.”
Purchase Coincides with Ethereum’s 10th Anniversary
The timing of this major ETH buy aligns with Ethereum’s 10th anniversary. A global livestream celebration is underway, featuring co-founder Vitalik Buterin and key contributors who are reflecting on the protocol’s decade-long development.
In its official release, The Ether Machine acknowledged Ethereum’s role in shaping open finance and powering decentralized applications. The company emphasized that this latest accumulation reflects confidence in Ethereum’s future as an economic layer for the internet.
The announcement connects the company’s treasury actions with the broader evolution of Ethereum—from its roots in programmable smart contracts to becoming a global financial infrastructure.
$100K Donation to Support Ethereum Core Developers
Alongside the ETH acquisition, The Ether Machine also announced a $100,000 donation to the Protocol Guild. The Guild supports Ethereum core protocol contributors and is managed by the community.
Keys stated that Ethereum’s success would not be possible without the dedication of its core developers. “This donation is a token of thanks to the stewards of the protocol,” he said.
With this accumulation, The Ether Machine becomes a leading institutional backer of Ethereum, both through asset holdings and community support.
