Key Takeaways
Ethereum treasury firm The Ether Machine (ETHM) received a new investment commitment of 150,000 ETH (~$654M) from Blockchain founder Jeffrey Berns.
This brings ETHM’s total holdings and commitments to 495,362 ETH (~$2.16B).
The investment comes ahead of ETHM’s planned IPO in Q4 2025, subject to shareholder approval.
If Dynamix shareholders do not exercise redemption rights, ETHM could gain up to $367.1M in additional funds for ETH purchases.
Ethereum Treasury Giant Expands Holdings
Ethereum-focused treasury firm The Ether Machine (ETHM) announced it has secured an additional 150,000 ETH investment commitment, worth about $654 million, from Jeffrey Berns, founder of Blockchain.
The new commitment increases ETHM’s total ETH holdings and purchase commitments to 495,362 ETH, valued at approximately $2.16 billion, according to Foresight News.
The development comes ahead of ETHM’s planned IPO in Q4 2025. Subject to shareholder approval and closing conditions, the listing could provide as much as $367.1 million in additional capital for further ETH acquisitions.
As part of the agreement, Berns will also join ETHM’s board of directors once the transaction closes.
