The Ether Machine has announced an increase in holdings of 10,605 ETH, bringing the total holdings to 345,362 ETH.
BlockBeats News, August 4th, according to globenewswire, The Ether Machine and Dynamix Corporation (Nasdaq code: DYNX) jointly announced today that their subsidiary, The Ether Reserve LLC, has increased its holdings by 10,605 ETH at an average price of $3,781. This move is a key part of its long-term accumulation strategy. So far, the total amount of ETH purchased and locked up by the company since the beginning of this month has reached 345,362 ETH.
The funds for this purchase come from the $97 million cash reserve raised in the company's previously announced private placement financing. Following the acquisition of approximately 15,000 ETH last week to commemorate the tenth anniversary of Ethereum, this additional purchase marks a continued advancement in its strategic layout.
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