The ether machine (Ethm)A crypto -investing vehicle preparing to become public through a merger with Dynamix Corporation said Tuesday that it has secured an additional 150,000 ether (Eth)Worth about $ 654 million from Jeffrey Berns, the founder of Blockchains.
The latest commitment brings the company’s total ETH -owned or pledged to 495,362 ETH, which is appreciated at around $ 2.16 billion, the press release said.
The company also has up to $ 367.1 million reserved for additional purchases if Dynamix shareholders do not redeem their shares until the merger closes.
Berns, who has supported Ethereum as a platform for digital identity and internet infrastructure, is expected to join Ether Machine’s board when the transaction is completed later in the year. His investment follows a prior anchor obligation of 169,984 ETH (741 million dollars) From the Eths machine co -founder and chairman Andrew Keys.
The company also plans to pursue a third fundraising round of at least $ 500 million with Citibank leading the effort, Keys said in an interview with Reuters.
The ether machine is part of a growing list of public companies pursuing a strategy to acquire ETH, the second largest cryptocurrency. Eth Treasury Companies, led by Bitmine and Sharplink Gaming, have already purchased almost 4% of Token’s Supply, a dashboard of Strategicethreserve.xyz shows.
Read more: Bitmine lowering increases ether holdings to $ 8.1B, by $ 623 million.
