Ether Machine scoops up $57M in ETH; SharpLink follows with $43M buy
The latest acquisition pushes The Ether Machine’s total holdings to 334,757 ETH, far outpacing the Ethereum Foundation’s reported 234,000 ETH.
The Ether Machine added 15,000 ETH to its balance sheet in a $56.9 million purchase, resuming its long-term accumulation strategy, the company said on Wednesday. SharpLink Gaming followed with a major acquisition, buying $43 million worth of ETH.
The latest acquisition, made at an average price of $3,809 per Ether (ETH), pushes the company’s total holdings to 334,757 ETH, it said in a news release, noting that it was timed to coincide with Ethereum’s 10-year anniversary.
“We couldn’t imagine a better way to commemorate Ethereum’s 10th birthday than by deepening our commitment to Ether,” said Andrew Keys, chairman and co-founder of The Ether Machine. “We are just getting started,” he added.