Ether Machine Surpasses Ethereum Foundation in ETH Holdings

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The Ether Machine purchased 15,000 ETH at $3,809 each, spending $56.9 million as part of a long-term accumulation strategy. This latest buy raised its total holdings to 334,757 ETH, exceeding the Ethereum Foundation’s 234,000 ETH. The purchase was funded by cash from a prior private placement, with up to $407 million still reserved for future ETH acquisitions. The company aims to build a large ETH treasury to generate yield and support Ethereum’s ecosystem.