Ether Machine Receives $654 million in Ethereum Private Funding
2025-09-02 10:54:42
On September 2nd, according to Reuters, Ether Machine announced that it has completed a private financing worth 654 million US dollars (about 150,000 Ethereum). The investor is Jeffrey Berns, a long-time Ethereum backer, who will join the company's board of directors. The company, formed by the merger of Ether Reserve and Dynamix Corporation, is expected to list on NASDAQ in the fourth quarter of this year, and will hold about 495,362 Ethereum (worth 2.16 billion US dollars) and 367.10 million US dollars in cash. Company co-founder and chairperson Andrew Keys revealed that the third round of financing led by Citibank will be launched this Wednesday, with a target of at least 500 million US dollars.
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