Ethereum News Today: Ether Machine Overtakes Ethereum Foundation as Third-Largest ETH Holder

The Ether Machine, a newly formed entity and a single Ethereum wallet, has surpassed the Ethereum Foundation in ETH holdings following a $56.9 million acquisition of 15,000 ETH. This purchase brings the Ether Machine’s total ETH holdings to 334,757 tokens, making it the third-largest publicly known Ethereum holder. The Ethereum Foundation, which previously held the top spot with an estimated 234,000 ETH, has now been outpaced by the Ether Machine’s strategic accumulation [1][2][3].

The Ether Machine’s acquisition reflects a broader trend of institutional interest in Ethereum, with publicly listed companies increasingly building Ethereum-based treasuries. The average price of the most recent acquisition was approximately $3,810 per ETH, consistent with Ethereum’s price dynamics in recent months. This move not only enhances the Ether Machine’s influence within the Ethereum ecosystem but also signals a shift in the traditional concentration of ETH ownership, which has historically been held by development teams and early contributors [4][5][6].

Corporate entities are accumulating Ethereum at a faster pace than Bitcoin. According to Standard Chartered, crypto treasury firms have purchased 1% of Ethereum’s total supply since June, doubling the rate of Bitcoin accumulation. These large-scale acquisitions are reinforcing Ethereum’s market momentum and bringing its price closer to the bank’s $4,000 year-end projection. Despite this, Ethereum remains more than 20% below its peak price of $4,890 [7][8][9].

SharpLink Gaming has also joined the buying spree, acquiring 11,259 ETH for $43.09 million in USDC, raising its total ETH balance to 449,276 tokens, valued at approximately $1.73 billion. The purchase was made at an average price of $3,828 per ETH, as recorded on the blockchain [10][11][12].

The Ether Machine’s move is part of a broader strategic initiative led by FG Nexus, formerly Fundamental Global, to establish a $200 million Ethereum-focused treasury. FG Nexus has secured funding through a private placement, including support from Galaxy Digital and Kraken, which are expected to assist in managing staking operations and infrastructure for the newly allocated ETH. The rebranding and strategic shift highlight the increasing legitimacy of crypto as a reserve asset class [13][14][15].

While details about the Ether Machine’s governance or future plans remain limited, its rapid ascent in the ETH ownership rankings demonstrates the potential for new institutional players to reshape the Ethereum landscape. The purchase underscores the growing trend of corporate entities treating ETH as a strategic asset rather than a speculative investment [16][17][18].

The Ethereum Foundation’s reduced position among the top ETH holders may signal a broader shift in the dynamics of ETH distribution and control. While the foundation has historically played a central role in the development and stewardship of Ethereum, the Ether Machine’s acquisition highlights the evolving nature of the ecosystem. As Ethereum continues to mature and expand its use cases, the balance of power among ETH holders is likely to remain a focal point for observers and stakeholders [19].

Source:

[1] AInvest (https://www.ainvest.com/news/ethereum-news-today-ether-machine-overtakes-ethereum-foundation-top-eth-holder-2508/)

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

[3] The (https://thecryptobasic.com/2025/07/31/fg-nexus-debuts-with-200m-ethereum-treasury-plan/)

[4] AInvest (https://www.ainvest.com/news/ethereum-news-today-ether-machine-buys-15-000-eth-56-9m-strategic-treasury-expansion-2508/)

[5] IcoHolder (https://icoholder.com/en/news/the-ether-machine-overtakes-ethereum-foundation-with-56-9m-eth-purchase)

[6] Reddit (https://www.reddit.com/r/CryptoCurrency/comments/1me9aal/newly_formed_company_the_ether-machine-acquires/)

[7] Reddit (https://www.reddit.com/r/ethtrader/comments/1me4k1i/the_ether-machine-becomes_third_largest_ethereum/)

[8] Coinbase (https://www.coinbase.com/price/ethereum)

[9] NewsNow (https://www.newsnow.co.uk/h/?search=%22Ether+Machine%22)

[11] MoneyCheck (https://moneycheck.com/ether-machine-becomes-third-largest-eth-holder-after-15k-eth-buy/)