The Ether Machine, scheduled for listing on Nasdaq, will purchase additional Ethereum for 8.5 billion yen.

## Additional purchasing power of 400 million Dollars

The Ethereum (ETH) specialized company, The Ether Machine, announced on the 30th that its subsidiary, Ether Reserve, purchased approximately 15,000 ETH at a price of $3,809.97 per token. The total purchase amount is approximately $57 million (about 8.5 billion yen) and was executed as part of a long-term accumulation strategy. As a result, the company's total holdings and agreements for Ethereum have reached 334,757 ETH, with an additional purchasing capacity of up to $407 million.

This purchase is being made to coincide with the 10th anniversary of Ethereum, symbolizing the company's full-scale asset management launch. Andrew Keys, chairman and co-founder, stated, "I can't think of a better way to celebrate Ethereum's 10th anniversary than by deepening our commitment to ETH." The company positions ETH not merely as a financial asset but as the foundation of a new internet economy.

The purchase funds utilized part of the cash proceeds of 97 million Dollars raised from the previously announced private placement. Ether Reserve plans to execute additional purchases in the coming days using the remaining proceeds, with details to be announced separately. The company is committed to building an institutional-level Ethereum treasury and aims to expand long-term accumulation, compound operation, and support.

The Ether Machine announced its plan to list on NASDAQ on July 21. It is expected to be realized through a merger with SPAC Dynamics Corporation. Upon completion of the merger, it will hold over 400,000 ETH and will be traded under the ticker symbol "ETHM". The fundraising amount is expected to exceed 1.5 billion Dollars, with the aim of completing the merger by the fourth quarter of 2025.

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