- The Ether Machine bought 14,928 ETH at $3,809.97 each, using proceeds from a $97 million private placement round.
- This $56.9 million ETH acquisition marks the company’s official start of its long-term institutional Ethereum treasury strategy.
- The purchase coincided with Ethereum’s 10th anniversary and reaffirmed the firm’s conviction in ETH as core Web3 infrastructure.
The Ether Machine has kicked off its long-term ETH accumulation plan with a $57 million purchase of nearly 15,000 ETH, reinforcing its conviction in Ethereum.
$56.9M in ETH Acquired at $3,809.97 Per Coin
The Ether Reserve LLC, acting on behalf of The Ether Machine, confirmed the acquisition of 14,928 ETH at a price of $3,809.97 per token. The total purchase amount reached $56,900,000.01. The buy was funded through a portion of the $97 million raised in a previously disclosed private placement.
This transaction is part of a larger strategy to accumulate ETH over time. According to the company, a total of 334,757 ETH has now been acquired or committed, with up to $407 million remaining for future purchases. Additional buys will be disclosed separately.
This marks the formal launch of The Ether Machine’s long-term ether treasury strategy—one designed to support ETH as a core digital asset in the evolving decentralized economy.
Treasury Launch Timed with Ethereum’s 10-Year Anniversary
Timed with Ethereum’s 10th anniversary, the purchase is both a strategic and symbolic move. Chairman and co-founder Andrew Keys said, “We couldn’t imagine a better way to commemorate Ethereum’s 10th birthday than by deepening our commitment to ether.”
He added, “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.”
The Ether Machine emphasized that this milestone marks only the beginning of its ongoing ETH strategy aimed at institutional-scale growth.
Keys Donates $100K to Protocol Guild
In parallel with the ETH acquisition, Andrew Keys made a $100,000 personal donation to the Protocol Guild. The Guild supports Ethereum’s core contributors and has funded over 150 developers, researchers, and maintainers.
Acknowledging their contributions, Keys stated, “Ethereum would not exist without the tireless work of its core developers. This donation is a token of thanks to the stewards of the protocol, and a celebration of everything Ethereum has made possible over the past decade.”
