'Ethereum Avengers' Firm to Generate ETH Using $1.5 Billion Stockpile
Main Idea
The Ether Machine is debuting on the Nasdaq with a $1.5 billion stash of Ethereum, leveraging staking and decentralized finance.
Key Points
1. The Ether Machine announced its Nasdaq debut with a $1.5 billion stockpile of Ethereum.
2. The company plans to utilize staking and decentralized finance strategies.
3. Dynamix Corporation’s shares surged 36% to $14.20 following the announcement.
4. The Ether Machine received a $645 million investment in Ethereum from co-founder Andrew Keys.
5. The initiative includes participation from Blockchain.com, Kraken, Pantera Capital, and others, forming the Strategic Ethereum Reserve.
Description
The firm received a $645 million “anchor investment” from its Consensys-linked co-founder and chair.
$ETH
$3695.62
-2.27%
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