A large Ethereum treasury company has appeared again

The publicly listed company Dynamix is preparing to merge with another entity to form a new company named "Ether Machine", planning to hold over 1.5 billion dollars worth of Ethereum (ETH).

The merged company Ether Machine Inc. will be supported by 169,984 Ether provided by one of the co-founders and will secure over 800 million dollars in stock financing. Additionally, up to 170 million dollars in cash from the trust account of the merging party Dynamix Corp. will also be included in the transaction.

This treasury company will bring about 1 billion dollars in buying power.