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The Ether Machine Announces Acquisition of 10,605 ETH, Total Holdings Reach 345,362 ETH
Summary: According to a report from globenewswire, The Ether Machine, in collaboration with Dynamix Corporation (NASDAQ: DYNX), announced today that its subsidiary, The Ether Reserve LLC, has acquired 10,605 ETH at an average price of $3,781, as a key part of its long-term accumulation strategy. With this acquisition, the total amount of ETH purchased and locked ...
According to a report from globenewswire, The Ether Machine, in collaboration with Dynamix Corporation (NASDAQ: DYNX), announced today that its subsidiary, The Ether Reserve LLC, has acquired 10,605 ETH at an average price of $3,781, as a key part of its long-term accumulation strategy. With this acquisition, the total amount of ETH purchased and locked by the company since the beginning of this month has reached 345,362 ETH.
The funds for this acquisition come from the $97 million cash reserve obtained from the company's previous private financing announcement. Following the acquisition of approximately 15,000 ETH last week to commemorate the tenth anniversary of Ethereum, this latest acquisition signifies the continued advancement of its strategic positioning.
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Link: The Ether Machine Announces Acquisition of 10,605 ETH, Total Holdings Reach 345,362 ETH [Copy]
