Overview
- The Ether Machine bought 15,000 ETH at an average price of $3,809 per token on Ethereum’s 10-year anniversary.
- This inaugural transaction increases its on-chain treasury to 334,757 ETH and leaves $407 million available for further acquisitions.
- A merger with SPAC sponsor Dynamix Corporation is nearing completion to list the company on Nasdaq under the ticker ETHM and raise over $1.6 billion.
- The firm will deploy its ETH reserves into staking, restaking and decentralized finance protocols to generate ETH-denominated returns.
- Chairman Andrew Keys contributed $100,000 to the Protocol Guild to support long-term Ethereum core developers.