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The Ether Machine launches an ETH financial strategy worth 70 billion yen—initially purchasing 8.5 billion yen worth | CoinDesk JAPAN
The Ether Machine, a cryptocurrency infrastructure company preparing for a public listing through a merger with SPAC Dynamix, announced that it has executed its first large-scale purchase of Ethereum (ETH), acquiring approximately 15,000 ETH for $56.9 million (about 8.535 billion yen, based on an exchange rate of 150 yen per dollar).
This transaction, conducted at an average price of $3809.97, marks the beginning of the company's capital allocation strategy, which includes plans to hold over 334,000 ETH. The Ether Machine has approximately $407 million (around ¥61.05 billion) remaining for ETH purchases, bringing the total commitment and acquired exposure to ETH, the second-largest cryptocurrency by market capitalization, to about $463 million (around ¥69.45 billion).
This announcement coincides with the 10th anniversary of the launch of Ethereum and symbolically aligns with the project's core mission of building ETH infrastructure that generates revenue for institutional investors.
The current purchase was made through The Ether Reserve LLC, which raised part of its funds through a private placement of $97 million (approximately 14.55 billion yen). The company hinted that further acquisitions of Ethereum from this pool would be disclosed in future updates.
As part of this announcement, Andrew Keys, co-founder and chairman of the Ethers Machine, also announced a personal donation of $100,000 to Protocol Guild, a community-led funding mechanism for Ethereum core developers and maintainers.
The Ether Machine aims to build one of the largest on-chain Ethereum finances among publicly traded companies. Its model emphasizes active yield generation through staking, restaking, and participation in decentralized finance (DeFi) under expert management. Additionally, it plans to provide Ethereum infrastructure services for DAOs (Decentralized Autonomous Organizations), corporations, and institutional investors seeking exposure to the network's base layer economy.
The company is advancing the final procedures for its business integration with the SPAC Dynamics to be listed on Nasdaq. After the merger, the newly integrated company is expected to be listed under the name The Ether Machine, but the ticker symbol has not been announced.