The post Ether Machine Now Owns More Eth Than the Ethereum Foundation appeared first on Coinpedia Fintech News
As Ethereum marks a decade of innovation, The Ether Machine is making noise, with a hefty $56.9 million ETH buy that signals both celebration and serious conviction. In a bold move timed with Ethereum’s 10th anniversary, The Ether Reserve LLC, a subsidiary of The Ether Machine, scooped up nearly 15,000 ETH at an average price of $3,809.97 per token.
Ether Machine plans $407M ETH strategy
This buy isn’t a one-off. It marks the beginning of a long-term treasury strategy that could see The Ether Machine pour up to $407 million more into ETH. With a total of 334,757 ETH already committed or acquired, the firm is doubling down on its belief that Ethereum is not just another asset, but the digital backbone of the future internet.
“We’re here to accumulate, compound, and support ETH long-term,” said Andrew Keys, Chairman and Co-Founder of The Ether Machine. He
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