According to an official announcement from Odaily Planet Daily, Ethereum treasury strategy firm The Ether Machine has increased its holdings by approximately 15,000 ETH, bringing the total amount of ETH it has purchased and committed to holding to 334,757. Officials stated that it has a maximum remaining fund of $407 million available for further ETH purchases.

Earlier news reported that Dynamix plans to merge with an entity to form Ether Machine, which plans to hold more than $1.5 billion in ETH.