PANews reported on August 4th that according to GlobeNewswire, Ether Machine announced that its subsidiary The Ether Reserve LLC has increased its holdings of 10,605 ETH at an average price of $3,781 per coin, bringing the total accumulated and committed ETH holdings since the company's establishment at the beginning of this month to 345,362 coins. This additional purchase was funded by the previous private placement of $97 million. Ether Machine stated that it will continue to optimize ETH returns through staking and restaking, and plans to provide infrastructure services for institutions and the Ethereum ecosystem.
Ether Machine purchased another 10,600 ETH, bringing its total holdings to over 345,000 ETH
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