Recent acquisitions—including a 10,605 ETH buy at an average price of $3,781 and a 15,000 ETH commemoration purchase—underline the firm's strategy of active staking, restaking, and DeFi integration amid a competitive drive to expand Ethereum’s treasury.
The Ether Machine has made a new $40 million acquisition, raising its treasury to 345,362 ETH. Its subsidiary acquired 10,605 ETH at an average price of $3,781, following a 15,000 ETH buy for Ethereum’s anniversary. Chairman Andrew Keys emphasized the firm’s strategy to actively deploy its holdings through staking, restaking, and DeFi protocols. The move positions it closely behind competitors BitMine and SharpLink and hints at a planned Q4 public listing via a SPAC merger aiming to raise $1.6 billion.