Ether Machine Goes Big: Crypto Investment Giant Amasses 15,000 ETH, Overtakes Ethereum Foundation Holdings

Move over, Ethereum Foundation—there's a new whale in town.

Ether Machine, a crypto investment entity, just stacked a staggering 15,000 ETH, eclipsing the Ethereum Foundation's holdings. The move signals aggressive accumulation by institutional players while retail traders chase memecoins.

Who needs fundamentals when you've got capital?

Ethereum is celebrating with a global livestream featuring Vitalik Buterin and key contributors reflecting on its journey from smart contracts to financial infrastructure.

Ether Machine Surpasses Ethereum Foundation in ETH Holdings

With the latest accumulation, Ether Machine has become the third publicly listed ETH treasury company, surpassing the Ethereum Foundation’s 234,600 ETH.

After this increase, The Ether Machine now holds more ETH than the Ethereum Foundation, becoming the third publicly listed company to surpass the Foundation's holdings, following Bitmine and SharpLink. pic.twitter.com/xsQAsBRXXM

Ether Machine is a new investment vehicle, which is set to debut on the Nasdaq with an expected 400,000 ETH ($1.53 billion) on its balance sheet.

Through a SPAC merger of the Ether Reserve and Dynamix Corporation, Ether Machine will trade under the ticker ETHM, the company announced last week.

“We are just getting started. Our mandate is to accumulate, compound, and support ETH for the long term – not just as a financial asset, but as the backbone of a new internet economy,” said Andrew Keys, Chairman and Co-Founder of The Ether Machine.

While the company’s ETH accumulation did not directly impact short-term price movements, the MOVE reinforces Ethereum’s growing perception as both a speculative and strategic asset. ETH is up 1% in 24-hour trading and is at $3,860 at press time, per CoinMarketCap.

Co-Founder Donates $100K to Ethereum Community Contributors

Ether Machine co-founder Keys stressed that Ethereum WOULD not exist without the tireless work of its core developers. He announced donating $100,000 to the Protocol Guild, a community-led funding initiative that supports Ethereum’s core protocol contributors.

“This donation is a token of thanks to the stewards of the protocol, and a celebration of everything Ethereum has made possible over the past decade,” he added.