By Jacqualine_trader , July 21, 2025

New York —

The Ether Reserve, a new cryptocurrency venture backed by several high-profile crypto investors, has announced plans to go public via a $1.6 billion merger with blank-check company Dynamix Corporation. The newly combined entity, to be named The Ether Machine, will list on the Nasdaq under the ticker symbol "ETHM".

The company is expected to launch with over 400,000 Ether ($ETH ) on its balance sheet, positioning it as the largest publicly traded vehicle offering institutional investors direct exposure to Ethereum, the world’s second-largest cryptocurrency by market capitalization.

The merger reflects a growing institutional trend toward holding crypto assets on corporate balance sheets—an approach popularized by Michael Saylor through his company Strategy. In recent months, similar ventures have announced plans to bring crypto directly into public equity markets, attempting to bridge the gap between traditional investors and digital assets.

Shares of Dynamix Corporation surged in premarket trading following the announcement, more than doubling in value as investors welcomed the high-profile entry into public markets.

While institutional interest has historically centered on Bitcoin, Ether has seen a sharp rise in recent weeks, boosted by increasing regulatory clarity around U.S. dollar-pegged stablecoins, most of which operate on the Ethereum blockchain. Ether hit a six-month high last Friday, further reinforcing investor confidence.

Leading the Ether Machine will be Andrew Keys, former executive at ConsenSys, the Ethereum-focused firm founded by Ethereum co-founder Joseph Lubin. Keys will serve as chairman of the newly formed public company.

The deal is also being supported by a number of major crypto investors, including Blockchain.com, Kraken, and Pantera Capital, who are collectively contributing over $800 million through an upsized common stock offering.

The merger is expected to close in the fourth quarter of 2025, subject to regulatory approvals and customary closing conditions. Once completed, The Ether Machine aims to offer traditional investors an institutional gateway into Ethereum-based digital assets, signaling a significant shift in how crypto is represented on Wall Street.