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The Ether Machine has further increased its holdings by 10,000 ETH, with a cumulative lock-up position exceeding 345,000 ETH.
On August 4th, according to reports, The Ether Machine and Dynamix Inc. (NASDAQ: DYNX) jointly announced today that its subsidiary The Ether Reserve LLC has increased its holdings of 10,605 ETH at an average price of $3,781. This move is an important part of its long-term accumulation strategy. As of now, the total amount of ETH purchased and locked-up since the start of this month has reached 345,362.
The funds for this acquisition come from the company’s previously announced private placement financing, which raised a cash reserve of $97 million. Following last week’s acquisition of approximately 15,000 ETH to commemorate the 10th anniversary of Ethereum, this increase marks the ongoing advancement of its strategic layout.