The Ether Machine, supported by Pantera and others, raised $1.5 billion and will be listed and hold more than 400,000 ETH

PANews reported on July 21 that The Ether Machine, Inc., which focuses on Ethereum staking income, announced that it has officially started the listing process by reaching a final business merger agreement with blank check company Dynamix Corporation (NASDAQ: DYNX). After the merger is completed, the company will be traded on Nasdaq with the code "ETHM". Ether Machine co-founder Andrew Keys will serve as chairman. The Ether Machine is expected to hold more than 400,000 Ethereum (ETH) at launch, becoming the world's largest institutional-level public asset management platform for Ethereum. The merger has committed a total of more than US$1.5 billion, including approximately US$645 million (169,984 ETH) subscribed by co-founder and chairman Andrew Keys, and more than US$800 million in funds from several top institutions and strategic investors such as Pantera, Kraken, and Electric Capital. However, the total financing scale of this transaction is expected to reach US$1.6 billion, including the above-mentioned committed funds and up to US$170 million in cash in the Dynamix trust account. The company will focus on strategies such as Ethereum staking, re-staking and decentralized finance, and is committed to providing investors with safe, transparent and compliant ETH returns. The transaction is expected to be completed in the fourth quarter of 2025, subject to shareholder approval and relevant regulatory procedures.

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Author: PA一线

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