This Company Plans To Go Public With An Ethereum Treasury — Here’s How Much ETH They Bought

The Ether Machine , a crypto infrastructure firm, is preparing to go public with one of the largest Ethereum (ETH) holdings in the ￰0￱ the last few months, the company has added more ETH to its balance sheet , positioning itself as the third-largest Ethereum treasury company in the market, ahead of its planned Nasdaq ￰1￱ Machine Secures $654 Million In ETH Ahead Of Debut Ethereum’s growing position in institutional crypto investments took a major leap this week as The Ether Machine just confirmed a major ETH ￰2￱ an X social media post on Tuesday, September 2, the company announced that it has secured $654 million worth of Ether, equivalent to 150,000 ETH, in private ￰3￱ Berns, a well-known Ethereum advocate and early supporter of the ecosystem, reportedly made this large-scale ETH acquisition, marking one of the largest individual commitments to a crypto treasury ￰4￱ investment is set to be moved into the firm’s wallet later this week.

Notably, The Ether Machine is now finalizing preparations for its highly anticipated Nasdaq debut later this ￰5￱ listed, the treasury firm expects to hold over 495,000 ETH, valued at roughly $2.5 ￰6￱ its statement on X, the company revealed that its latest addition of 150,000 ETH represents a landmark follow-on investment and a new benchmark for the scale of treasury accumulation across the crypto ￰7￱ added that the growing size of its reserves provides it with “unmatched strength and credibility“ among ￰8￱ a market increasingly shaped by institutional adoption, The Ether Machine’s aggressive accumulation strategy underscores the growing shift toward corporate entities directly holding Ethereum as a core balance sheet ￰9￱ other firms that diversify between cryptocurrencies, The Ether Machine has remained laser-focused on ETH as its flagship store of ￰10￱ positioning places the treasury company in a distinct spotlight ahead of its public market ￰11￱ Treasury Demand Shrinks Exchange Supply The Ether Machine’s recent treasury move is part of a broader market trend that has seen ETH depleting rapidly from crypto exchange ￰12￱ to reports, Ethereum reserves on centralized exchanges have been declining at an unprecedented rate, with just about 12% of ETH still held on these platforms compared to the nearly 30% a few years ￰13￱ analyst Leon Waiddman argues that this sharp drop directly results from increasing institutional demand , driven by Ethereum treasury companies and ETH-backed Exchange-Traded Funds (ETFs) .

Waidmann suggests that the buying pressure from these entities is creating a long-term supply crunch that could have explosive implications for Ethereum’s price ￰14￱ from another market expert, ‘Crypto-Gucci. eth’ on X, further reinforce this ￰15￱ analyst pointed out that Bitmine, the largest Ethereum treasury firm, has been accumulating ETH at nearly 20x the pace of Michael Saylor’s Strategy’s storied Bitcoin ￰16￱ Strategy took over 1,200 days to amass almost $9 billion worth of Bitcoin, Bitmine acquired the same value in less than two months.