logo

The Ether Machine plans to go public through a business merger with NASDAQ-listed Dynamix. If shareholders approve and other conditions are met, the merger is expected to be completed in the fourth quarter of this year.

By: odaily.com|2025/07/21 19:21:41
0
Share
copy

Odaily News According to official news, The Ether Machine will merge with Dynamix Corporation (NASDAQ: DYNX) through The Ether Reserve, LLC entity, and the merged entity will be listed on the Nasdaq with the stock code ETHM. The company is expected to start with more than 400,000 ETH, with the main funding from Andrew Keys, an early member of Consensys and founder of the Enterprise Ethereum Alliance (EEA), contributing approximately $645 million (169,984 ETH) as core support, and more than $800 million in common stock financing from top institutions, native cryptocurrencies and strategic investors such as 1Roundtable Partners / 10T Holdings, Archetype, Blockchain.com, cyber•Fund, Electric Capital, Kraken and Pantera Capital. The transaction is expected to generate more than $1.6 billion in gross revenue, including more than $1.5 billion in fully committed financing and up to $170 million in cash, which will be deposited in Dynamixs trust account, and may become the largest public ETH output company. The Ether Machine and DYNX boards of directors have unanimously approved the proposed business combination, which is expected to close in the fourth quarter of 2025, subject to stockholder approval and other customary closing conditions.

-- Price

--

You may also like

Ray Dalio's new article: The world is entering a war cycle

We are in a world war that will not end in the short term.

IOSG: When Fintech Meets Crypto Native: The Next Decade of Digital Finance

Header: FinTech is increasingly integrating stablecoins and blockchain infrastructure into core products, reshaping the global payment landscape.

They knew in advance that Trump would tweet about a ceasefire, entered with $20k, and exited with $400k.

They turned the war into a compounding investment

The biggest bottleneck in DeFi development

Today, the biggest threat facing DeFi is not just market conditions or liquidity; in terms of security, it also requires more than just preventing code vulnerabilities, because spies may be lurking nearby.

CZ Memoir Released: Reveals a Large Amount of Industry Insider Information, Prompting Intense Rebuttal from Xu Mingxing

As one of the most influential figures in the cryptocurrency industry today, Zhao Changpeng has personally experienced the difficult development journey of Binance and the cryptocurrency industry in its early years, which brings many little-known insider stories and details to this book, adding plen...

a16z: After securities are on the blockchain, why will intermediary institutions be replaced by code?

Writing transactions and settlements into code, the securities market begins to break free from intermediaries.

Popular coins

Latest Crypto News

04:42

Data: ETH total network contract positions increased by 10.3% in 24 hours

According to Coinglass data, the total contract open interest for ETH has increased by 10.3% in the past 24 hours, with the current total open interest at $30.682 billion. Among them, Binance's open interest is $7.03 billion, OKX's open interest is $1.828 billion, Bybit's open interest is $2.096 bil...
04:42

Data: In the past 24 hours, the total liquidation across the network was 646 million USD, with long positions liquidated at 184 million USD and short positions liquidated at 462 million USD

According to Coinglass data, in the past 24 hours, the total liquidation across the network was $646 million, with long positions liquidated at $184 million and short positions liquidated at $462 million. Among them, Bitcoin long positions were liquidated at $32.5851 million, Bitcoin short positions...
04:42

The three major U.S. stock indices all closed higher, with the Golden Dragon Index soaring by 3%

According to Jinshi reports, U.S. stocks closed higher on Wednesday, with the Dow Jones Industrial Average initially rising by 2.85%, the S&P 500 index up by 2.5%, and the Nasdaq up by 2.8%. Intel (INTC.O) rose by 11%, SanDisk (SNDK.O) increased by nearly 10%, Nvidia (NVDA.O) rose by 2%, and Tesla (...
04:42

The Dow Jones Index closed up 1,325.46 points, at 47,909.92 points

According to Jinshi reports, the Dow Jones Index closed up 1,325.46 points on April 8, with an increase of 2.85%, closing at 47,909.92 points; the S&P 500 Index closed up 165.96 points, with an increase of 2.51%, closing at 6,782.81 points; the Nasdaq Composite Index closed up 617.15 points, with an...
04:42

The US dollar index fell sharply by 0.72%, closing at 99.142

According to Jinshi reports, the dollar index, which measures the dollar against six major currencies, fell sharply by 0.72% on April 9, closing at 99.142 in the foreign exchange market. 1 euro exchanged for 1.1683 dollars, up from 1.1574 dollars the previous trading day; 1 pound exchanged for 1.341...
Read more
Community
iconiconiconiconiconiconicon

Customer Support Bot：@WEEX_support_smart_Bot

VIP Services：support@weex.com