Catenaa, Saturday, August 09, 2025-The Ether Machine and GameSquare significantly increased their Ethereum (ETH) reserves Monday, underscoring a growing trend of institutional Ethereum treasury accumulation.
The Ether Machine acquired an additional 10,605 ETH valued at roughly $40 million, consolidating its status as one of the top three Ethereum treasury holders with a total of 345,362 ETH, worth about $1.2 billion.
The purchase was funded from proceeds of a recent $97 million private placement.
The firm, which plans to go public in Q4 under the ticker ETHM after merging with Nasdaq-listed Dynamix Corp, aims to raise $1.6 billion.
Chairman Andrew Keys emphasized the company’s strategy to actively stake and restake ETH to build Ethereum’s capital base and infrastructure.
Nasdaq-listed media and entertainment company turned Ethereum treasury firm GameSquare also expanded its holdings by 2,717 ETH, costing approximately $10 million.
This raises GameSquare’s total ETH reserves to over 15,630, valued at $55.9 million, placing it among the top 20 Ethereum treasury holders.
GameSquare recently launched an onchain yield strategy targeting 8% to 14% annual returns via Dialectic’s platform. Proceeds from the yield strategy will fund a $5 million stock buyback program authorized by the company’s board.
GameSquare CEO Justin Kenna highlighted disciplined capital allocation, aiming to buy back stock when shares trade below $1.50, reflecting confidence in the treasury strategy’s long-term value. The firm also acquired a CryptoPunk NFT valued at $5.15 million as a strategic treasury asset.
