The Ether Machine, Set for Nasdaq Listing, Purchases Additional Ethereum Worth 8.5 Billion Yen

The Ether Machine, a company specializing in Ethereum (ETH), announced on the 30th that its subsidiary, Ether Reserve, purchased approximately 15,000 ETH at $3809.97 per token. The total purchase amount was about $57 million (approximately 8.5 billion yen), carried out as part of a long-term accumulation strategy. This purchase increases the company's total holdings and committed Ethereum to 334,757 ETH, maintaining a maximum additional purchasing power of $407 million. This acquisition was timed to coincide with the 10th anniversary of Ethereum, symbolizing the company's full-scale start in asset management. Andrew Key...