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The Ether Machine increased its holdings by 10,605 ETH, with total open interest exceeding 345,000.
[The Ether Machine increases holdings by 10,605 ETH, total open interest exceeds 345,000] The Ether Machine announced today that its subsidiary The Ether Reserve LLC has increased its holdings by 10,605 ETH at an average price of $3,781. This increase is part of the company's long-term accumulation strategy, funded by proceeds from a previous $97 million private sale. Since the beginning of this month, The Ether Machine has purchased and committed a total of 345,362 ETH. The company plans to operate these assets through staking, restaking, and other means, and to provide Ethereum infrastructure services for institutions.