Due to recent crazy expansions and cryptocurrency buying sprees among various listed companies, the two common financing methods PIPE (Private Investment in Public Equity) and ATM (At-the-Market Offering) have been widely used in crypto concept stocks or crypto asset reserve companies in a short period. These two financing forms have a direct and significant impact on shares outstanding and shareholder value, while the traditional stock market data platform is inefficient and takes several days to update new capital and market value, and there is currently no complete and accurate real-time data.
To help readers keep up with the market, Rhythm BlockBeats will continue to track the newly added capital information in financing of various popular cryptocurrency concept companies, manually calculate the market capitalization and crypto asset holdings of each company, and provide a more accurate base mNAV value for reference.
Today's cryptocurrency stock company event updates
Ethermachine
July 30, 2025 - To celebrate the tenth anniversary of Ethereum, the institutional-grade Ethereum reserve platform Ethermachine announced the purchase of nearly 15,000 ETH at a unit price of $3,809, totaling approximately $56 million. This increase brings its total Ethereum holdings to 334,757 ETH, making it the third-largest holder of Ethereum among 'micro-strategy companies', while still retaining approximately $400 million in reserve funds for further ETH purchases.
Ethermachine is currently advancing its process of going public on NASDAQ through a SPAC merger plan with Dynamix Corporation (NASDAQ: DYNX). The transaction has been approved by the board and is expected to be completed in the fourth quarter of 2025 (Q4 2025). After going public, the company will be officially listed under the stock code ETHM, becoming the world's first NASDAQ-listed company with Ethereum reserves as its core asset.
Andrew Keys, co-founder and chairman of Ethermachine, stated: "Adding ETH at the tenth anniversary of Ethereum reflects a long-term confidence in Ethereum as a global decentralized economic underlying asset. Our goal is to enable more investors to directly enjoy the benefits of ETH staking and re-staking through institutional-grade infrastructure."
Andrew Keys is an early promoter of the Ethereum ecosystem, having served as the Head of Global Business Development at ConsenSys and as a co-founder of the Enterprise Ethereum Alliance (EEA), actively promoting the adoption of Ethereum in the finance, enterprise, and government sectors. He is also a managing partner at digital asset investment firm DARMA Capital, focusing on strategic allocation of Ethereum-related assets.
Ethermachine plans to further expand its ETH reserves after going public and launch staking, re-staking, and DeFi yield services aimed at institutions, dedicated to building an Ethereum asset reserve + yield platform.
Market capitalization and premium rate of cryptocurrency stocks
The above data is as of July 31.
