Previously announced Ethereum strategic reserves by Nasdaq-listed company The Ether Machine $DYNX $ETHM purchased nearly 15,000 $ETH.

As of now, the total amount of ETH that The Ether Machine has accumulated and committed to buy has reached 33.4757 coins, approximately 1.238 billion USD, second only to BitMine $BMNR's 625,000 coins; and SharpLink Gaming $SBET's 438,190 coins.

The Ether Machine claims that there is still up to $407 million available for further purchases of ETH.

However, most of the ETH in The Ether Machine is not freshly bought with real money, but rather the investors are using their existing ETH to operate in the US stock market, which is essentially a sneaky behavior.

The Ether Machine $DYNX $ETHM stock price also performed flat, and the willingness to participate in the secondary market is not strong, and it does not have much investment value itself.

The stock price reached a maximum of $15 on July 21, and now (July 31) has dropped to around $11.

TG group chat:
More listed companies holding coin data (real-time updates):