The Ether MachineEthereum with the size of assets after the new purchase of 15 thousand ETH 
$3,764.76 He left the Foundation behind and increased the total amount of ETH in his hand to 334 thousand 757 ETH. The company did on Wednesday in the statementeach for $ 3 thousand 809 ETHs for $ 56.9 million in cash spent announced. The purchase was financed by the cash obtained from the previously announced private sales. The Ether Machine’s co-booker Andrew keysThe process, which coincides with the tenth birthday of Ethereum, as the backbone of the new internet economy altcoinHe said they reinforced their long -term commitment.
The Ether Machine’s record ETH purchase
The Ether Machine, at the beginning of the year Etherve nasdaq company DynamixAfter the establishment of the merger of an aggressive accumulation strategy felt to follow. The last purchase shows that the company is still allocated $ 407 million into ETH investments. This means that it can bring new purchase pressure to the market in the coming months. The company holds approximately 234 thousand eth with the amount of ETH it possesses Ethereum Foundationin front of the corporate league in front of the weight.
This positioning Tom Lee‘s finishing and Joe LubinIt represents the third largest institutional ETH wallet following the Sharplink Gaming. The Ether Machine management emphasizes that the acquired assets do not only have a book value, and that they will serve a “compound” model that will produce return on stake, liquidity and ecosystem projects through financing. Thus, the company aims to create active value rather than passive waiting. Crypto investors’ application – the reason will surprise you!
The latest situation in Ethereum and the company’s future plan
Following the announcement ETH CoinThe price of 1.5 percent in the last 24 hours rose to 3 thousand 862 dollars. Analysts, Ethereum celebrates the tenth year of the week, corporate purchases are morale, he says. AltcoinAlthough open interest rate falls, spot demand acceleration is maintained. Data show that Ether Machine’s purchase timing supports the short -term price movement.
The company’s merger is planned to be completed in the fourth quarter and start to be traded in Nasdaq with the ETHM symbol. The targeted $ 1.6 billion -dollar public offering can facilitate access to corporate investors to ETH -based capital tools. If The Ether Machine’s plan takes place, a new scale will emerge on the corporate side of ETH -based collateral in the market.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
