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The Ether Machine, the premier ether generation company and Dynamix Corporation (NASDAQ:DYNX), announced today that The Ether Reserve LLC, a subsidiary of The Ether Machine, has purchased an additional 10,605 ETH at an average price of $3,781 USD, as part of their long-term accumulation strategy.
This brings the company's total ETH purchased and committed to 345,362 ETH since launching earlier this month.
This continued accumulation reflects The Ether Machine's conviction in ETH as the most important asset of the internet, and its mission to build a long-term, institutional-grade ETH treasury with compounding yield.
The purchase was made by The Ether Reserve LLC from part of the $97 million in cash proceeds from its previously announced private placement.
This latest purchase follows the company's acquisition of roughly 15,000 ETH announced last week to commemorate Ethereum's 10-year anniversary.
Posted In: DYNX
