Ethereum News Today: Ether Machine Buys 15,000 ETH for $56.9M to Kick Off Treasury Strategy

The Ether Machine, a crypto infrastructure firm preparing for a public listing via a merger with SPAC sponsor Dynamix, executed its first major ether (ETH) purchase, acquiring nearly 15,000 ETH for $56.9 million at an average price of $3,809.97 [1]. This transaction marks the beginning of the company’s broader ETH treasury deployment strategy, which has already committed to or acquired a total of 334,757 ETH. The firm still holds over $407 million in cash reserves for additional purchases, indicating a long-term, capital-intensive approach to accumulating ETH.

The Ether Machine's initiative aligns with Ethereum’s 10th anniversary, symbolizing its mission to build institutional-grade infrastructure that generates yield from ETH. The purchase was conducted through The Ether Reserve LLC, a fund partially capitalized by a $97 million private placement [1]. Further acquisitions from this pool are expected to be disclosed in subsequent updates.

In addition to the major ETH purchase, co-founder and chairman Andrew Keys personally donated $100,000 to the Protocol Guild, a community-led funding mechanism supporting Ethereum core developers [1]. This gesture underscores the company’s broader commitment to Ethereum’s ecosystem development.

The Ether Machine’s strategy emphasizes yield generation through staking, restaking, and DeFi participation, while also positioning itself to offer Ethereum infrastructure services to enterprises and DAOs [1]. The firm is currently finalizing its business combination with Dynamix Corporation (DYNX), a Nasdaq-listed SPAC, and is expected to operate under the name The Ether Machine Inc. following the merger.

This move reflects growing institutional confidence in Ethereum and a shift toward on-chain investment strategies designed to enhance demand and scarcity. With over $400 million still available for future purchases, the Ether Machine’s approach suggests a multi-year commitment to ETH accumulation and long-term yield generation [1].

Source:

[1] The Ether Machine Kicks Off USD463M ETH Treasury Strategy With USD57M Purchase

https://www.coindesk.com/business/2025/07/31/the-ether-machine-kicks-off-usd463m-eth-treasury-strategy-with-usd57m-purchase