The Ether Machine holds about 170,000 ETH, surpassing Coinbase to become the fourth largest Ethereum holder

According to the latest data from Strategic ETH Reserve, The Ether Machine's current Ethereum holdings are worth $619.9 million (about 170,000 ETH), surpassing Coinbase and PulseChain Sac to rank fourth among US listed companies in terms of Ethereum holdings.

The total amount of ETH held by the top institutions with more than 100 ETH in Ethereum reserves has increased to about 2.04 million, worth about $7.45 billion.

The Wall Street Journal previously disclosed that blank check company Dynamix initiated a physical merger transaction to establish "The Ether Machine", and the merged company plans to hold more than $1.5 billion in ETH.