Kraken and Blockchain.com Support Potential Launch of New Ethereum Reserve Company
Main Idea
Kraken and Blockchain.com are leading a $1.5 billion Ethereum treasury initiative through Ether Machine, signaling a major step in institutional Ethereum adoption.
Key Points
1. Ether Machine plans to build an Ethereum reserve exceeding $1.5 billion through a SPAC merger with Dynamix, appealing to institutional investors.
2. Kraken and Blockchain.com, along with key leaders like CEO David Merin and VP Jonathan Christodoro, contribute approximately $800 million in equity, demonstrating strong confidence in Ethereum.
3. Andrew Keys invests $645 million personally, further supporting the initiative and Ethereum's long-term potential.
4. The initiative follows similar moves by Sharplink Gaming, which recently surpassed the Ethereum Foundation’s treasury holdings, indicating a competitive institutional ETH reserve landscape.
5. Ether Machine’s compliance-focused approach may encourage more institutional participation in Ethereum, bridging traditional finance and decentralized assets.
Description
Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! Institutional interest in
Latest News
- Bitcoin Nears $130,000 Target Amid Institutional Buying and Market Stability, Analysts Suggest2025-07-22 06:21:25
- Gate Launches ZKWASM Perpetual Contract Trading with Up to 20x Leverage on July 222025-07-22 06:08:05
- US Bitcoin Spot ETF Faces $131.4 Million Net Outflow on July 22, Reports Farside Investors2025-07-22 05:56:00
- BNB Chain Swaps 25,000 USDT for 40 Million TAG Tokens in $100M Ecosystem Incentive Program2025-07-22 05:53:44
- AguilaTrades Faces $26.17M Partial Liquidation on 7,160 ETH Long Position Amid Volatile Recovery2025-07-22 05:41:23