“Ether Machine raises $654 million in private ether financing as Nasdaq debut nears”
September 3, 2025
“…Ether Machine’s financing comes less than two months after it was formed via a merger between the Ether Reserve and blank-check firm Dynamix Corporation.
The deal was initially expected to raise over $1.6 billion, with investors like Blockchain.com, Kraken, and Pantera Capital.
Ether Machine is now expected to go public with over 495,362 ether, the world’s second largest cryptocurrency, worth $2.16 billion, and another $367.1 million remaining in capital to acquire additional ether…”
https://finance.yahoo.com/news/ether-machine-raises-654-million-100622770.html