Ether Machine raises 654 million USD, preparing to list on Nasdaq

Ether Machine, a company focused on Ethereum, has raised 654 million USD in a closed funding round $ETH , with significant contributions from veteran investor Jeffrey Berns. This investment comes as the company is preparing to list on Nasdaq through a merger with SPAC company Dynamix Corporation.

Investment strategy and potential

After completing the merger, shares of #EtherMachine will be traded on Nasdaq under the ticker ETHM. This deal is expected to unlock more than 1.6 billion USD in investment capital. Currently, Ether Machine holds 495,362 ETH valued at approximately 2.16 billion USD.

Unlike traditional funds that only hold digital assets, Ether Machine will adopt an active strategy, using capital to participate in staking, restaking, and potential DeFi protocols. While this strategy may yield higher returns, it also comes with risks such as limited liquidity and potential vulnerabilities in the DeFi market.

However, strong support from major investors and the listing on major exchanges like #NASDAQ is a sign that institutions are increasingly interested and have confidence in the potential of the Ethereum ecosystem. #anh_ba_cong