The Ether Machine Secures $1.5 Billion in Commitments to Go Public via SPAC Merger
The Ether Machine aims to become the largest public company focused on Ethereum, having raised over $1.5 billion ahead of its Nasdaq debut, as bullish momentum around ETH continues to accelerate.
The investment vehicle announced in a Monday press release that it plans to go public with more than $1.5 billion of fully committed capital. The company plans to launch with over 400,000 ETH and manage what it calls “the largest pool of assets in a public vehicle for pure-play institutional-grade exposure to Ethereum and ETH-denominated yield.”
Formed through a business combination between The Ether Reserve, LLC, and Nasdaq-listed ‘blank-check’ company Dynamix Corporation, The Ether Machine plans to go public on Nasdaq by Q4, pending regulatory approval, and will trade under the ticker “ETHM.”
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