The Ether Machine Celebrates Ethereum’s 10th Anniversary with Significant ETH Treasury Acquisition

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07/31/2025 – 08:40 PM

New York, NY, July 31, 2025 (GLOBE NEWSWIRE) — The Ether Machine, the ether generation company, announced yesterday that The Ether Reserve LLC has purchased nearly 15,000 ETH at $3,809.97 USD for a total of $56,900,000.01 USD as part of The Ether Machine’s long-term accumulation strategy. This brings total ETH purchased and committed to 334,757 with up to $407,000,000 of USD remaining for additional ETH purchases.
Timed to coincide with Ethereum’s 10-year anniversary, the purchase marks the beginning of The Ether Machine’s treasury deployment, and reflects a deep conviction in ETH as the most important asset of the decentralized internet and its mission to build a long-term, institutional-grade ETH treasury.
“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. Our mandate is to accumulate, compound, and support ETH for the long term – not just as a financial asset, but as the backbone of a new internet economy.”
The purchase was made by The Ether Reserve LLC from part of the $97 million in cash proceeds from its previously announced private placement. The Ether Reserve LLC will purchase additional ether from the remaining proceeds in the coming days, which will be announced separately.
In parallel with the accumulation announcement, Keys also made a personal donation of $100,000 to the Protocol Guild, a community-led funding initiative supporting Ethereum’s core protocol contributors. The Protocol Guild is widely recognized as one of the most effective models for open-source sustainability in Web3, having distributed millions of dollars to over 150 long-term researchers, developers, and maintainers responsible for Ethereum’s base layer.
“Ethereum would not exist without the tireless work of its core developers,” said Keys. “This donation is a token of thanks to the stewards of the protocol, and a celebration of everything Ethereum has made possible over the past decade. Happy 10th birthday, Ethereum.”

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