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The Ether Machine to Go Public with Over $1.5 Billion of Fully Committed Capital

UNITED STATES, JUL 21 – The Ether Machine will manage over 400,000 ETH worth $1.5 billion, offering institutional investors regulated exposure to Ethereum yield through staking and decentralized finance strategies.

  • The Ether Machine announced a SPAC merger with Dynamix Corporation to create a Nasdaq-listed vehicle for institutional-grade Ethereum exposure, managing over 400,000 ETH worth more than $1.5 billion.
  • Regulatory clarity from the GENIUS Act, signed on July 18, required fully backed stablecoins and banned interest-bearing variants, encouraging institutional Ethereum involvement.
  • The Ether Machine secured over $1.5 billion in fully committed financing, including a $645 million ETH anchor investment by Andrew Keys and an over $800 million upsized common stock financing.
  • Pre-Market trading of Dynamix shares rose following the merger announcement, and the combined entity is set to begin trading under ticker ETHM on Monday.
  • Recent ETF data show more than $2.2 billion in inflows over five trading days and projections of $50 billion to $100 billion in medium-term buy pressure, Vance Spencer said.
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NBC Boston broke the news in Boston, United States on Monday, July 21, 2025.
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