The Ether Machine increased its holdings by 10,605 ETH, with a total holding of over 345,000 ETH

ChainCatcher news, according to GlobeNewswire, The Ether Machine today announced that its subsidiary The Ether Reserve LLC has increased its holdings by 10,605 ETH at an average price of $3,781. This increase is part of the company's long-term accumulation strategy, funded by a previous $97 million private placement.

Since the beginning of this month, The Ether Machine has purchased and committed a total of 345,362 ETH. The company plans to operate these assets through staking, re-staking, and other methods, and provide Ethereum infrastructure services to institutions.