The Ether Machine Surpasses Coinbase in Ethereum Holdings, Climbing to Fourth Place

The Ether Machine has approximately 170,000 ETH, surpassing Coinbase to rank as the fourth-largest Ethereum holder. According to the latest data from Strategic ETH Reserve, The Ether Machine now holds an Ethereum worth about $619.9 million (around 170,000 ETH), overtaking Coinbase and PulseChain Sac in Ethereum holdings among U.S.-listed companies, ranking fourth. Major institutions with over 100 ETH in reserve have increased their total Ethereum holdings to roughly 2.04 million ETH, valued at about $7.45 billion. The Wall Street Journal previously reported that blank check company Dynamix initiated a merger to establish 'The Ether Machine,' which plans to hold over $1.5 billion worth of ETH post-merger.