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Recently, the Ethereum ecosystem has stirred again. According to industry insiders, The Ether Machine's subsidiary The Ether Reserve LLC has completed a large-scale ETH acquisition. This operation involved 10,605 ETH, with an average purchase price of $3,781.
This move is not an isolated incident, but an important part of the company's long-term accumulation strategy. It is noteworthy that the funds for this increase come from the $97 million private placement previously raised by The Ether Machine.
More notably, since the beginning of this month, The Ether Machine has been very active in the ETH market. According to statistics, the total amount of ETH that the company has purchased or committed to purchase has risen to 345,362, a figure that has shocked the market.
For these newly added ETH assets, The Ether Machine has a clear operational plan. The company stated that it will operate these assets through diversified methods such as staking and re-staking. At the same time, the company is also targeting the institutional client market, planning to provide specialized Ethereum infrastructure services.
This move not only demonstrates The Ether Machine's firm confidence in the future development of Ethereum, but also reflects institutional investors' continued interest in the cryptocurrency market, especially the Ethereum ecosystem. As the Ethereum network continues to upgrade and improve, similar institutional participation may become more frequent, which will undoubtedly bring more opportunities and challenges to the entire industry.