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

The pricing controversy of Trade.xyz exposes the fatal weakness of Pre-IPO perpetual contracts

SpaceX's equity update has sparked controversy over on-chain liquidations. Trade.xyz refuses to reset the SPCX pricing, and the lack of a Rebase mechanism in Perp DEX has led to a significant trust test for on-chain Pre-IPO assets.

World Cup 2026 Coming – WEEX Celebrates with $1M Prize Pool & Michael Owen Live

The 2026 FIFA World Cup is hours away. WEEX unveils the “World Cup x Dice Rush” campaign with a 1,000,000 USDT prize pool. Plus, Michael Owen reunites with WEEX COO for an exclusive pre-match livestream. Join now!

Galaxy in-depth report: Is Solana still worth paying attention to?

Solana did not fall behind during the bear market. Trading enthusiasm has waned, but the network is more stable, RWA and stablecoins are expanding, and the capital foundation is much thicker than in the previous cycle. The real question is: when the speculative tide recedes, can perpetuals, predicti...

Young people in South Korea make a "final effort" in the epic bull market

The South Koreans' average of two accounts for wildly gambling in the chip bull market reflects the survival anxiety and harsh reality of countless young people trying to break through class barriers behind the nationwide stock trading frenzy for wealth.

Dialogue with OmenX Founder: Why does the prediction market need an evolution from "spot" to "derivatives"?

How to reconstruct the prediction market using leverage?

When the P2P illicit funds from ten years ago turned into 60,000 bitcoins

The largest Bitcoin money laundering case in the UK has new developments: 16,000 Chinese victims are pursuing 61,000 seized Bitcoins across borders, and the dispute over the applicability of UK and Chinese laws will directly determine whether the victims can share in the soaring profits.

Contents

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com