key takeaways
- Ether machine bought 15,000 ETHs, making its total holding 334,757 ETH.
- The company aims to support atherium and general ath-denominated returns.
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Ether machine, a newly formed Etherium General, who is supported by Panera Capital, Crackon and other top level investors, announced the acquisition of 15,000 ETHs on Wednesday, a 10 -year anniversary of the Kicking of Etharium.
The purification made at $ 3,809 per ETH brings the company’s total holdings to 334,757 ETH, remaining up to $ 407 million for additional purchases.
The acquisition was executed through the Ether Reserve LLC using a $ 97 million share in cash processes from previous private placements. Additional ETH purchases from the remaining processes are expected in the coming days.
“We achieve a better way to celebrate the 10th birthday of Etharium than to deepen our commitment to ether, the chairman of the ether machine and co-finance, Andrew Keys.” “We are just starting.
Keys also donated a $ 100,000 to the protocol guild, an initiative supporting the core protocol contributors of the atherium. The guild distributed millions of dollars to more than 150 long -term resers, developers and maintenance stavers working on the base layer.
“Etharium will not be present with the tireless work of its core devilopers,” Keys said. “This donation is a token of thanks to Stepocol, and it is possible to celebrate everything of Ethereum in the last decade.”
The ether machine is planning for a Nasdaq public offering, which aims to more than $ 1.6 billion. The company will lie on the ticker atmm through the merger with the Dynamics Corporation, expecting more than 400,000 intensive in intensive.
Funds from the offering will be used to install the ether machine as a major public ether generation unit, which focuses on generating returns through various atherium-bash financial strategies, such as staging, resting and DEFI participation, but rather than catching ether.
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