The ether machine raises $ 654 million in ETH before the Nasdak list star-news.press/wp

Crypto, ETHER Machine received $ 654 million in a special financing round, raising 150,000 from the ether from Ethereum’s prominent lawyer Jeffrey Berns.

Money will be transferred to the company’s portfolio later this week, According to To Tuesday’s report by Reuters. Burns, known for his early investments in Ethereum Infrastructure and Web3 initiatives, will join the Board of Directors.

The increase is part of the company’s broader strategy to build a large ether wardrobe (ETH) before its expected appearance in Nasdak later this year.

The ether machine was formed through the process of combining the empty Dynamix Corporation. While the initial goal was to raise more than $ 1.5 billion of investors, including Blockchain.com, Kaken and Pantera Capital, the company has amended its strategy since then.

Related to: Who has the most ether in 2025? The rich list ETH, revealed

Ether machine for the public with 495,000 ETH

The ether machine is now expected to be publicly held while more than 495,000 ETH, at a value of about $ 2.16 billion, and an additional $ 367 million for future acquisitions, will now hold for per Reuters.

According to strategies DataMachine eTher is currently the third largest company for ETH with more than 345,400 coins, outperforing 231,600 from Ethereum Foundation.

Treasury companies such as Ether Machine are often used by convertible debts, and stocks are preferred to increase capital while maintaining a net asset value per share. According to the co -founder and President Andrew Keys, the company’s company’s revenue strategy is expected to excel over the traditional money circulating on the stock exchange (ETFS).

“Between the release of the debt and the return mechanics, we believe that we can keep the market installment on the net value of our assets indefinitely,” Keys told Reuters.

Ether Machine also launches a third capital increase led by Citibank. Keys said that the new round targets at least $ 500 million and will start on Wednesday.

Related to: Ether breaks down the “Tom Lee” trend: Is 10 % contained?

Bitcoin whale rotates 11 billion dollars in the ether

The mysterious bitcoin whale is worth more than $ 11 billion, which steadily rotated the money in the ether. The investor recently sold $ 215 million from Bitcoin to get 216 million dollars from Ether through Hyperleliid, up to his total ETH property to 886371 ETH, which is now valued at more than $ 4 billion.

https://www.youtube.com/watch?

The whale for the first time began to recycle money on August 21, exchange $ 2.59 billion in BTC to get a SPOT website of $ 2.2 billion and $ 577 million from Ethretual Longs. After closing a portion of the pioneering center with $ 33 million, the investor resumed the bought spot.

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