Dynamix plans to merge with another entity to establish Ether Machine, aiming to hold over $1.5 billion in #ETH.
The blank check company Dynamix is preparing to merge with another entity to form a new company called "Ether Machine," which plans to hold over $1.5 billion in Ethereum (ETH). The core bet behind this plan is that the market will continue to favor companies heavily invested in crypto assets under a potentially more crypto-friendly regulatory environment brought by the Trump administration. Kraken and others will provide over $800 million in equity financing for this transaction, priced at $10 per share.
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