A new crypto venture, The Ether Reserve, backed by investors, will merge with Dynamix Corporation to list on Nasdaq, raising over $1.6 billion. The combined entity, The Ether Machine, will launch with 400,000 Ether, making it the largest public vehicle for institutional exposure to Ethereum. Institutional interest in holding crypto on corporate balance sheets is rising, with Ether surging recently. Increased regulatory clarity around stablecoins on the Ethereum blockchain has benefited Ether. Andrew Keys, former ConsenSys executive, will chair Ether Machine. Investors like Blockchain.com, Kraken, and Pantera Capital are contributing over $800 million. The company will trade on Nasdaq as “ETHM” in the fourth quarter of 2025.

Read more at Yahoo Finance: Ether Machine, backed by crypto giants, set to raise over $1.6 billion in Nasdaq debut