On August 4th, according to Globenewswire, The Ether Machine and Dynamix Corporation (NASDAQ: DYNX) jointly announced today that their subsidiary, The Ether Reserve LLC, has acquired an additional 10,605 ETH at an average price of $3,781, which is an important part of their long-term accumulation strategy. As of now, the total amount of ETH purchased and locked since the beginning of this month has reached 345,362 ETH.
The acquisition funds come from the $97 million cash reserve previously raised through a private placement announced by the company. Following the acquisition of approximately 15,000 ETH last week to commemorate Ethereum's tenth anniversary, this additional purchase marks the continued advancement of their strategic layout.
