The Ether Machine Purchases Nearly 15,000 Ether
The Ether Machine purchased nearly 15,000 Ether (ETH) for $56.9 million, bringing its total holdings to 334,757 ETH. The acquisition moves the firm ahead of the Ethereum Foundation’s estimated 234,000 ETH, making it the third-largest known Ethereum holder.
The transaction was deliberately timed with Ethereum’s 10th birthday. The Ether Machine financed the buy through a $97 million private placement. According to company filings, about $407 million remains in reserve for further purchases. Executives have set a target of more than 400,000 ETH, positioning the firm among the largest institutional stakeholders in the Ethereum ecosystem.
Corporate Holdings Near 2% of ETH Supply
The Ether Machine now trails only BitMine Immersion Technologies and SharpLink Gaming. BitMine holds more than 625,000 ETH, worth about $2.4 billion, while SharpLink owns over 449,000 ETH, valued at $1.6 billion. Coinbase, with around 137,300 ETH, and Bit Digital, with about 120,000 ETH, now trail behind.
In total, public companies and corporate treasuries control more than 2.3 million ETH, equal to nearly 1.9% of the circulating supply of 121 million tokens. The Ether Machine’s holdings alone account for about 0.28% of all ETH in circulation.
The Ether Machine’s purchase came during a record month for Ethereum ETFs. Between July 14 and July 31, U.S. spot Ether ETFs recorded $4.44 billion in net inflows, with an average of $316.9 million per day. The single largest daily inflow was $726.6 million on July 16, while the smallest was $17 million on July 31.
Total Assets Under Management in Ether ETFs Now Exceed $21.5 Billion
Total assets under management in Ether ETFs now exceed $21.5 billion, representing about 4.7% of the supply. BlackRock led inflows with over $4 billion in July, while Fidelity, Grayscale, and VanEck also saw significant contributions. Analysts say these sustained inflows have tightened Ethereum’s liquid supply and reinforced its role as an institutional-grade asset.
Regulatory clarity has also encouraged corporate adoption. On July 18, the United States passed the GENIUS Act, the first federal law governing payment stablecoins. The law requires issuers to maintain full backing in U.S. dollars or Treasury securities, conduct regular audits, and publish transparent reports.
Although the law focuses on stablecoins, its impact extends directly to Ethereum. Stablecoins like USDC and USDT, most of which operate on the Ethereum blockchain, now benefit from stronger legal backing. This has increased confidence among institutions that Ethereum will remain the core infrastructure for global digital finance.
Ethereum Outpaces Bitcoin With a 56% Monthly Rally
Ethereum’s price climbed about 47% in July, significantly outpacing Bitcoin’s 6% gain over the same period. Analysts attribute the divergence to ETF inflows, corporate accumulation, and the stabilizing effect of regulatory clarity.
This pattern echoes the Bitcoin corporate treasury boom of 2021–22, when companies such as Strategy (formerly MicroStrategy) and Tesla accumulated large BTC positions. Ethereum’s current cycle, however, is distinguished by its ability to generate yield through staking and DeFi, giving it an additional utility advantage.
The Ethereum Foundation, once the largest known ETH holder, has now fallen behind private firms in total balance. While it continues to guide protocol development, its reduced holdings show the growing influence of corporate entities in Ethereum’s ecosystem.