Ethereum News Today: Ether Machine Buys 15,000 ETH for $56.9M, Becomes Third-Largest Corporate Holder

The Ether Machine has increased its Ethereum (ETH) treasury by 15,000 tokens through a $56.9 million purchase, elevating its total holdings to 334,757 ETH, valued at approximately $1.28 billion as of the latest data [4]. The acquisition was funded through proceeds from a previously announced private placement and was executed at an average price of $3,809 per ETH [5]. The firm now ranks as the third-largest corporate holder of Ethereum, surpassing the Ethereum Foundation in total holdings [6]. Only two other entities, BitMine and SharpLink Gaming, hold larger amounts of ETH at the corporate level [7]. The Ether Machine has also disclosed that it still maintains $407 million in cash reserves for future ETH purchases [8].

This move coincides with Ethereum’s 10th anniversary, which was marked on July 30, 2015, when the network launched as a foundational infrastructure for a decentralized internet [9]. The Ether Machine’s co-founder, Andrew Keys, emphasized that the company views Ethereum as more than just a financial asset, but as the backbone of a new digital economy. The firm’s strategy remains focused on long-term accumulation, compounding value, and supporting the Ethereum ecosystem [9].

Corporate treasury accumulation of ETH is becoming a notable trend in the crypto space. Publicly traded firms like The Ether Machine, SharpLink, and BitMine have collectively acquired more than 1% of Ethereum’s circulating supply since June [10]. These purchases highlight a growing institutional confidence in Ethereum as a strategic asset, with firms leveraging programmable yield mechanisms and regulatory arbitrage opportunities to optimize returns [11]. SharpLink Gaming, for instance, added $43 million worth of ETH in the same period, further reinforcing the shift in capital toward Ethereum-based treasuries [12].

Ether’s price has also seen a recovery, trading above $3,800 in July 2025 [13]. The combination of rising corporate demand and favorable price action has led some market observers to speculate that ETH could break its all-time high in the near future [14]. The Ether Machine’s latest acquisition is seen as a strategic effort to reinforce Ethereum’s position as a core asset in the evolving financial landscape.

Source:

[1] Cointelegraph - [https://cointelegraph.com/news/ether-machine-buys-15k-eth-57m-purchase](https://cointelegraph.com/news/ether-machine-buys-15k-eth-57m-purchase)

[2] TradingView - [https://www.tradingview.com/news/cointelegraph:8fe5f5243094b:0-the-ether-machine-buys-15k-eth-in-57m-purchase-holdings-top-334k/](https://www.tradingview.com/news/cointelegraph:8fe5f5243094b:0-the-ether-machine-buys-15k-eth-in-57m-purchase-holdings-top-334k/)

[3] ZyCrypto - [https://zycrypto.com/the-ether-machine-becomes-third-biggest-ethereum-holder-after-latest-eth-purchase-on-ethereums-10th-birthday/](https://zycrypto.com/the-ether-machine-becomes-third-biggest-ethereum-holder-after-latest-eth-purchase-on-ethereums-10th-birthday/)

[4] The Cryptobasic - [https://thecryptobasic.com/2025/07/31/the-ether-machine-surpasses-ethereum-foundation-in-eth-holdings-with-56-9m-acquisition/](https://thecryptobasic.com/2025/07/31/the-ether-machine-surpasses-ethereum-foundation-in-eth-holdings-with-56-9m-acquisition/)

[5] AInvest - [https://www.ainvest.com/news/ethereum-news-today-ether-machine-buys-15-000-eth-56-9m-holdings-top-334-757-2507/](https://www.ainvest.com/news/ethereum-news-today-ether-machine-buys-15-000-eth-56-9m-holdings-top-334-757-2507/)

[6] Coinpedia - [https://coinpedia.org/news/ether-machine-now-owns-more-eth-than-the-ethereum-foundation/](https://coinpedia.org/news/ether-machine-now-owns-more-eth-than-the-ethereum-foundation/)

[12] CoinCentral - [https://coincentral.com/the-ether-machine-and-sharplink-gaming-make-major-eth-purchases-worth-100-million-combined/](https://coincentral.com/the-ether-machine-and-sharplink-gaming-make-major-eth-purchases-worth-100-million-combined/)