Coin World reported that, according to Bloomberg, the Ethereum treasury company has agreed to go public through a merger with a special purpose acquisition company (SPAC), with the deal receiving over $1.5 billion in cryptocurrency and stock financing support. According to a statement released on Monday, the merged company Ether Machine Inc. will be backed by 169,984 Ethereum provided by one of the co-founders and will secure over $800 million in stock financing. Additionally, up to $170 million in cash from the trust account of the merging party Dynamix Corp. will also be included in the deal.