The Eths Machine, a Cryptoin Frastructure Company, preparing to be published via a merger with sponsor Dynamix, said it performed his first big ether (ETH) purchase, acquiring nearly 15,000 ETH for $ 56.9 million.
The transaction at an average price of $ 3,809.97 marks the start of the company’s Treasury’s implementation strategy, which includes plans to accumulate over 334,000 ETH. The ether machine has approx. $ 407 million back to ETH purchases, bringing its total committed and acquired exposure to the second largest cryptocurrency to approx. $ 463 million.
The time of the message coincides with the 10th anniversary of Ethereum’s launch-a symbolic adaptation to the project’s core task to build institutional quality, yield-generating ETH infrastructure.
The purchase was carried out through the Ether Reserve LLC, a vehicle that was partly funded by a private ranking of $ 97 million. The company indicated that additional Eternal acquisition from this pool would be revealed in subsequent updates.
As part of the launch, Andrew Keys, co-founder and chairman of Ether Machine, also confirmed a $ 100,000 personal donation to Protocol Guild-a community-headed financing mechanism to long-term Ethereum core developers and maintenance.
The ether machine aims to establish one of the largest one-chain ETH state boxes for any listed unit. Its model emphasizes active yield generation through efforts, resting and professionally managed defi participation. It also expects to offer Ethereum infrastructure services to DAOs, companies and institutions seeking exposure to the network’s basic layer economy.
The company is in the process of completing its business combination with Dynamix Corporation (Dynx), a business company with a special purpose built on Nasdaq. Following the merger, the combined device is expected to list under the name Ether Machine Inc., with its ticker not yet announced.
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