Ether Machine Adds 150,000 ETH from Jeffrey Berns
The Ether Machine, a digital asset treasury firm, secured a 150,000 ETH ($654 million) in-kind commitment from Blockchains founder Jeffrey Berns. This raises Ether Machine’s total ETH holdings to 495,362 tokens (approximately $2.16 billion). The firm, preparing to go public via a merger with Dynamix Corporation, also has $367.1 million reserved for further ETH purchases if Dynamix shareholders don’t redeem. Berns will join the board upon closing, joining co-founder Andrew Keys, who previously committed 169,984 ETH ($741 million). Ether Machine plans a third fundraising round of at least $500 million led by Citibank. The move reflects a broader trend of ETH treasury companies—led by BitMine and SharpLink Gaming—accumulating large ETH reserves, currently around 4% of the token’s supply. Traders should watch how Ether Machine’s boosted ETH position and upcoming fundraising influence market liquidity and price dynamics.
Bullish
The Ether Machine’s acquisition of 150,000 ETH represents a strong institutional vote of confidence in Ethereum, reducing circulating supply and signaling continued demand for ETH treasuries. Similar moves by BitMine and SharpLink Gaming have historically correlated with bullish price swings, as large-scale purchases tighten supply and boost market sentiment. In the short term, this announcement may drive positive momentum and encourage further accumulation by other treasury firms. Over the longer term, a successful merger and sizeable fundraising could strengthen The Ether Machine’s market position, potentially attracting additional institutional interest and reinforcing upward pressure on ETH prices. Overall, the sustained demand from treasury companies points to a bullish outlook for Ethereum.