Ether Machine buy 15K ETH, total don reach 334,757 ETH towards $1.5B goal
Di Ether Machine, we Kraken an Blockchain.com dey back am, don fast-track how e dey grab ETH for July 31 by buyin 15,000 ETH to increase im total reserves reach 334,757 ETH as e dey pursue dem target to collect $1.5 billion. Di company, wey Andrew Keys wey be Wall Street ogbonge man dey chair, plan say e go use di remaining $407 million reserve put for Ethereum staking an other activities wey dey generate yield, make di network stability strong. Dis kind systematic ETH grab dey reduce how much ETH dey circulate, and e dey show say institutional confidence for Ethereum dey grow, fit make ET prices increase and keep market stable. Traders suppose dey watch how Ether Machine dey gather ETH because e show say institutions dey back Ethereum, and fit affect how liquidity and price go move for future.
Bullish
Ether Machine dem aggressive ETH accumulation and di purchase of 15,000 ETH dey reduce di available supply while e show say di institution dem get strong confidence, a combination wey fit drive di price to increase. For di short term, expectation say dem go buy more plus di tight supply fit spark bullish trading momentum. For di longer term, using di reserves for staking and activities wey dey generate yield go improve Ethereum network stability and appeal, wey go make di outlook for ETH valuation positive.