Latest news with #EtherMachine
Yahoo
7 days ago
- Business
- Yahoo
Ethereum ETFs, Treasury Companies Now Hold Over $32B In ETH: Here's What's Driving The Frenzy
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Corporate treasuries and spot ETFs are rapidly consolidating their hold on Ethereum (CRYPTO: ETH), with combined on-chain and off-chain holdings now surpassing $32 billion. Data compiled by SER shows that 64 entities, spanning publicly listed firms, exchanges, DeFi protocols, nonprofits and governments, collectively hold 2.73 million ETH in their treasuries, valued at over $10.5 billion. Invest in Gold American Hartford Gold: #1 Precious Metals Dealer in the Nation Priority Gold: Up to $15k in Free Silver + Zero Account Fees on Qualifying Purchase Thor Metals Group: Best Overall Gold IRA This marks a notable shift in asset allocation strategies, particularly as companies like Bitmine Immersion Tech (AMEX:BMNR), SharpLink Gaming (NASDAQ:SBET), and Ether Machine now individually surpass the Ethereum Foundation in ETH holdings. Trending: 7,000+ investors have joined Timeplast's mission to eliminate microplastics— Bitmine alone controls 625,000 ETH, followed by SharpLink with 438,200 ETH and Ether Machine with 334,800 ETH. U.S. spot Ethereum ETFs have seen explosive growth, with net inflows totaling $5.38 billion over a 19-day streak that began on July 3. This matches a prior record streak from May but significantly exceeds it in dollar terms. BlackRock's (NASDAQ:ETHA) fund leads the pack, pulling in $4.19 billion during this run and controlling over 3 million ETH — about 2.5% of total ETH supply. Altogether, U.S. spot Ethereum ETFs now hold approximately 5.7 million ETH, valued near $22 billion. That figure represents 4.7% of Ethereum's circulating supply, per data from CoinGlass. These allocations make ETFs the single largest collective holder of ETH assets, outpacing even corporate It Matters: This trend of institutional accumulation has been supported by recent regulatory shifts. On Tuesday, the U.S. SEC approved in-kind redemptions for crypto ETFs, allowing authorized participants to exchange ETH and BTC directly for ETF shares, rather than cash, a move that aligns the structure of crypto funds with traditional markets and improves tax efficiency. Additionally, BlackRock received acknowledgment from the SEC for its 19b-4 filing to enable staking within its ETH ETF, setting the stage for a new layer of yield-generating exposure for institutional investors. Standard Chartered's digital assets head Geoffrey Kendrick predicts ETH treasuries could grow to control as much as 10% of the total supply, citing yield-generating opportunities like staking and deeper DeFi integration. However, analysts at Bernstein caution that staking strategies, while lucrative, come with liquidity and smart contract risk. The current momentum underscores a new phase for Ethereum, not only as a tech stack for decentralized applications but increasingly as a yield-bearing, institutionally held financial asset. Read Next: $100k+ in investable assets? Match with a fiduciary advisor for free to learn how you can maximize your retirement and save on taxes – no cost, no obligation. If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it? Image: Shutterstock This article Ethereum ETFs, Treasury Companies Now Hold Over $32B In ETH: Here's What's Driving The Frenzy originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
31-07-2025
- Business
- Yahoo
The Ether Machine Begins ETH Treasury Deployment With $57M Purchase
The Ether Machine, a crypto infrastructure firm preparing to go public via a merger with SPAC sponsor Dynamix, said it executed its first major ether (ETH) purchase, acquiring nearly 15,000 ETH for $56.9 million. The transaction, at an average price of $3,809.97, marks the start of the company's ETH treasury deployment. The Ether Machine said it has committed to or acquired a total of 334,757 ETH to date, and still has up to $407 million in cash reserves remaining for additional purchases. The timing of the announcement coincides with the 10th anniversary of Ethereum's launch — a symbolic alignment with the project's core mission to build institutional-grade, yield-generating ETH infrastructure. The purchase was executed through The Ether Reserve LLC, a vehicle funded in part by a $97 million private placement. The company indicated that further ether acquisitions from that pool would be disclosed in subsequent updates. As part of the launch, Andrew Keys, co-founder and chairman of The Ether Machine, also confirmed a $100,000 personal donation to the Protocol Guild — a community-led funding mechanism for long-term Ethereum core developers and maintainers. The Ether Machine aims to establish one of the largest on-chain ETH treasuries of any publicly traded entity. Its model emphasizes active yield generation through staking, restaking and professionally managed DeFi participation. It also expects to offer Ethereum infrastructure services to DAOs, enterprises, and institutions seeking exposure to the network's base-layer economics. The company is in the process of finalizing its business combination with Dynamix Corporation (DYNX), a special purpose acquisition company listed on Nasdaq. Following the merger, the combined entity is expected to list under the name The Ether Machine Inc., with its ticker yet to be announced. Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
27-07-2025
- Business
- Yahoo
How ethereum rose to become a mainstream cryptocurrency
The Ether Machine, a new crypto venture formed through the merger of Ether Reserve and Dynamix Corporation (DYNX), is preparing to go public after raising over 400,000 ether (ETH-USD), equivalent to $1.5 billion, offering the public a new way to access cryptocurrency yields. The news came after a week when the ethereum cryptocurrency surged by over 20%, leading some to predict that it could pass $4,000 and sending long-term predictions into the $10,000s. Ether Machine isn't the first firm to do this. BitMine Immersion Technologies (BMNR), chaired by Fundstrat's Tom Lee, announced plans to begin stockpiling ether back in late June. SharpLink Gaming (SBET), a Nasdaq-listed sports-betting technology company, made a similar move in late May when it named Ethereum co-founder Joseph Lubin as its new chairman. Further adoption of the blockchain into the mainstream in recent months has supported ethereum's rise, including Robinhood's (HOOD) introduction of ethereum staking in the US and the passage of the stablecoin-focused GENIUS bill through the US Senate. Here's what to know about ethereum and what sets it apart from other blockchains. What sets ethereum apart? Ethereum is a decentralized blockchain platform that hosts programmable contracts and other cryptocurrencies. Its native crypto token, named ether but sometimes referred to as ethereum, is now the second-largest cryptocurrency by market cap, topped only by bitcoin (BTC-USD). A 'blockchain' is a digital record of transactions and other data. New 'blocks,' or batches of validated records, are added onto the publicly accessible chain, referencing previous ones, so that anyone using a blockchain agrees on the current state of finalized transactions. 'Transactions are entered, and then they are immutable," Algorand Foundation CEO Staci Warden told Yahoo Finance. "It is about integrity. You know when something is entered, nobody else can mess around with it.' In addition to ether and other popular cryptocurrencies, over 50% of all stablecoins in circulation are hosted on ethereum, and the platform can also be used to exchange NFTs and more, according to Galaxy. One major difference in how these transactions take place on ethereum compared to the bitcoin blockchain is that ethereum includes functionality for users to create and use so-called smart contracts. Smart contracts are programs that can execute financial operations when conditions are met, often used to develop applications known as decentralized finance or DeFi apps. These 'dapps' offer a variety of financial services without the middleman of traditional financial institutions. For example, a smart contract could be set up to automatically initiate a purchase once a cryptocurrency hits a certain price. For some, the fact that smart contracts can't be altered once put on the blockchain and that they operate based on code instead of being manually performed by an individual or institution are benefits of the system. How it began Ethereum launched on July 30, 2015, as 'Frontier' after raising $18 million in an initial coin offering (ICO) the year prior. The release followed a period when ethereum encouraged users to stress-test the blockchain by offering a prize of 25,000 ether. In 2016, ethereum network participants attacked a decentralized autonomous organization, or DAO, which had raised ether through crowdfunding. The users targeted a vulnerability in DAO's smart contracts and stole over $50 million worth of ether. To reverse the attack, ethereum created a controversial 'hard fork,' in which they rolled back the blockchain's history to before the theft. While most adopted this new blockchain, some refused and stuck with what is now known as Ethereum Classic. Since then, ethereum has continued rolling out updates, including a series known as 'The Merge' conducted in 2022. With it, ethereum switched from using proof-of-work for blockchain consensus to proof-of-stake, separating it from peers like bitcoin. Proof-of-work blockchains function through the work of 'miners,' or specialized computers that contribute computational power to validate transactions using cryptography. Miners are rewarded with newly issued cryptocurrency for the amount of computing power they contribute to verifying transactions. Under the proof-of-stake system, however, security comes from users locking a certain amount of the cryptocurrency they own into a smart contract as collateral before they can be selected to add new blocks of validated transactions to the blockchain. According to the Ethereum Foundation, this switch alone cut the platform's energy consumption by 99.5%, and co-founder Vitalik Buterin claimed that it would reduce the world's energy consumption by 0.2%. 'With climate concerns and ESG-investing remaining a major topic for institutional investors, ethereum's drastic energy reduction could open doors for additional capital flows and longer-term sustainability,' Tom Dunleavy, a senior research analyst with Messari, told Yahoo Finance. Broader adoption Since its launch, ethereum has drawn attention from investors and organizations alike. Visa (V) began settling transactions using the USD Coin (USDC-USD) stablecoin on the ethereum blockchain in 2021. 'The announcement today marks a major milestone in our ability to address the needs of fintechs managing their business in a stablecoin or cryptocurrency,' Visa chief product officer Jack Forestell said. 'It's really an extension of what we do every day, securely facilitating payments in all different currencies all across the world.' More recently, with stablecoin legislation passing this June, Wall Street executives, including JPMorgan Chase (JPM) CEO Jamie Dimon and Citigroup (C) CEO Jane Fraser, have indicated interest in working with crypto assets. Public figures have also joined the movement to adopt crypto. In February, Eric Trump posted to X, saying, 'In my opinion, it's a great time to add $ETH.' His words reflect a presidential administration that has been supportive of cryptocurrency. President Trump's Media & Technology Group filed to list an ETF that included ether, and the president celebrated the passage of the GENIUS Act on Truth Social. 'HAPPY CRYPTO WEEK!' Trump posted last week. 'This is our moment — Digital Assets, GENIUS, Clarity!' David Hollerith contributed to this post. — Nina is a data reporting intern for Yahoo Finance.
Crypto Insight
22-07-2025
- Business
- Crypto Insight
Ether Machine to launch $1.5B institutional ETH yield fund
A team of crypto-native researchers and public market experts is preparing to launch what it calls the largest yield-bearing Ether fund targeting institutional investors. The company, called Ether Machine, plans to create a publicly traded vehicle offering institutional-grade exposure to Ethereum infrastructure and Ether yield, it announced on Monday. It is co-founded by Andrew Keys, a former board member and head of global business development at Consensys, and David Merin, a former corporate development executive at Consensys who now serves as Ether Machine's CEO. Ether Machine aims to 'expand Ethereum's economic security as the base layer for the next era of global finance and computation,' according to its website. The company will be formed through a combination of The Ether Reserve and Dynamix Corp, a Nasdaq-listed special purpose acquisition company. Following this, Ether Machine plans to list on the Nasdaq under the ticker symbol 'ETHM,' with over 400,000 ETH worth more than $1.5 billion under management at launch. Yield focus and Ethereum-native strategy Ether Machine said it aims to hold 'one of the largest onchain ETH positions' of any public company, generating ETH-denominated returns through staking, restaking and managed participation in decentralized finance (DeFi) protocols. The company said it will also offer 'turnkey infrastructure solutions' for enterprises, DAOs and Ethereum-native builders on the blockchain. Cointelegraph has reached out to Ether Machine for more details on the size and scope of the fund's ETH position. The announcement comes amid a growing roster of companies adopting Bitcoin and cryptocurrency treasuries, aiming to bolster shareholder value and attract more investors. On June 19, Nasdaq-listed Lion Group announced a $600 million Hyperliquid token treasury reserve, which debuted with a $10.6 million initial investment. On June 11, Interactive Strength, a Nasdaq-listed fitness equipment manufacturer, announced a $500 million raise to acquire tokens and establish the world's largest corporate AI token treasury, according to the firm. Source:
Bloomberg
21-07-2025
- Business
- Bloomberg
'The Ether Machine' to Go Public with $1.5B Listing
The Ether Machine is set to go public and give investors access to crypto via the public market. The Ether Machine Chairman Andrew Keys speaks with Caroline Hyde on 'Bloomberg Tech'. (Source: Bloomberg)
