Ether Machine Ethereum Treasury Now Bigger Than Foundation's

The Ether Machine just made a bold move in the crypto space. Its subsidiary, The Ether Reserve LLC , recently bought 15,000 ETH, worth $56.9 million. The tokens were purchased at a price of $3,809.97 each.

This latest buy strengthens the Ether Machine Ethereum Treasury to a total of 334,757 ETH.

Source: Wu Blockchain

Even more interesting, The organisation still has $407 million in reserve to continue buying this asset. This depicts the company's dedication to establishing a robust long-term position in this crypto.

This Company Now Holds More ETH Than the Ethereum Foundation

This purchase pushes the company past the Ethereum Foundation in total holdings.

It means the Ether Machine Ethereum Treasury is now the 3rd largest publicly known in this crypto holdings in the world behind only Bitmine and SharpLink.

Not only is that impressive, it confirms how seriously the company is treating this digital currency as a strategic asset.

Price Impact: Supply Tightens as Big Buyers Step In

Big purchases like these do more than fill headlines; they shape the market. When thousands of this digital currency are bought in one go, it reduces the available supply and increases bullish pressure.

In the past month alone, over 0.5% of its total supply has been pulled off the market by institutions and fresh wallets.

This tight supply can help stabilize prices or even push them up. Currently the coin is trading at $3864 with an increase of 1.2% within a day as per the CoinMarketCap.

The growing Ether Machine Ethereum Treasury plays right into this trend. By locking away huge amounts of ETH, it helps raise the price floor.

However, it also increases risk. If any large holder, decides to sell quickly, the price could swing sharply in the other direction. So while confidence is high, volatility still lingers in the background.

Institutions and Whales Keep Buying ETH

The world’s largest asset manager, BlackRock recently bought $375 million worth of ETH , increasing its total holdings to 2.46% of the total supply. That’s a huge show of confidence from a traditional finance giant.

Data from Lookonchain shows that:

• Three new wallets acquired 73,821 coins, worth about $283 million, in just eight hours.

• Since July 9, 11 wallets have accumulated 722,152 ETH, totaling $2.77 billion.

Source: Lookonchain

These are not small moves including Ether Machine Ethereum Treasury Expansion; depicts that the second biggest cryptocurrency is quickly becoming a key asset for whales and institutions alike.

ETH Celebrates 10 Years of Innovation

To add to all this momentum is a milestone moment Ethereum's 10th anniversary .

The community celebrated the milestone with a global livestream that included co-founder Vitalik Buterin and other prominent voices of the ecosystem.

SEC Approved ETPs

The U.S. SEC approved in-kind creation for Ether-based exchange-traded products (ETPs). This facilitates institutions to invest in this crypto via regulated means and further solidifies this cryptocurrency's position within global finance.

Conclusion

From its increasing crypto treasury to institutional adoption, the Ether Machine Ethereum Treasury is all part of a larger change. It is not another virtual currency, it's becoming a core holding for serious crypto players and traditional finance players.