The Ether Machine (ETHM), a planned public company following a pending business combination with Dynamix Corporation, and The Ether Reserve, announced that it has raised an additional 150,000 ETH, currently valued at approximately $654M of committed financing from Jeffrey Berns, Founder of Blockchains. he additional capital is expected to further enable The Ether Machine to launch from a position of strength on day one as a public vehicle upon the closing of the business combination. The Ether Machine previously announced over $800M of fully committed financing from institutional and strategic investors, as well as an anchor contribution currently valued at approximately $741M by Co-Founder and Chairman Andrew Keys at inception. This additional investment brings the total ETH owned or committed to 495,362, currently valued at ~$2.16B, with up to $367.1M dollars remaining to acquire additional ether, assuming no Dynamix Corporation public shareholders exercise their redemption rights and prior to the payment of transaction expenses. Berns is also expected to serve as a director on the board of The Ether Machine upon closing of the transaction, which is anticipated in the fourth quarter of 2025, subject to shareholder approval and other customary closing conditions.
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