‘The Ether Machine’ Raises $1.5 Billion For ETH Investments

The Ether Machine, a new institutional-grade Ethereum (CRYPTO: ETH) investment firm, is set to go public through a merger with Dynamix Corporation (NASDAQ:DYNX), creating what it calls the largest publicly traded entity focused exclusively on Ethereum yield.

Upon closing, the combined company will trade on Nasdaq under the ticker “ETHM.”

What Happened: Launched with over 400,000 ETH, equivalent to more than $1.5 billion in committed capital, The Ether Machine is designed to provide regulated and transparent exposure to Ethereum and ETH-denominated yield through staking, restaking, and DeFi strategies.

“This is about providing secure, liquid access to Ether—the digital oil powering the next …

Full story available on Benzinga.com