The Kryptographic Firma Machine Ether secured $ 654 million in a private financing round, collecting 150,000 ether from the outstanding lawyer Ethereum Jeffrey Berns.
The funds will be moved to the company’s portfolio this week, According to to the Tuesday Reuters report. Berns, known for his early investments in the Ethereum infrastructure and the Web3 initiative, will join the board.
The raise is part of the wider strategy of the company consisting in building a significant ether (ETH) of the tax ether before the expected debut of NASDAQ this year.
The ether machine was created by a connection between the ether reserve and the Dynamix Corporation companies. While the initial goal was to raise over $ 1.5 billion from investors, including blockchain.com, Kraken and Panther Capital, since then the company has corrected its strategy.
Related: Who owns the most ether in 2025? Revealed ETH list
Ether machine to make public from 495,000 ETH
It is now expected that Ether Machine will be public, maintaining over 495,000 ETH, worth around $ 2.16 billion, and an additional 367 million dollars allocated for future ETH acquisitions at Reuters.
According to strateicthreserve dataEther Machine is currently the third largest ETH corporate owner with over 345 400 coins, ahead of the 231 600 ETH Ethereum Foundation.
Treasury companies such as Ether Machine often employ replacement debt and preferred equity to raise capital while maintaining net assets per share. According to the co -founder and chairman Andrew Keys, the company’s profitability strategy is to exceed established current funds (ETF).
“We believe that we can keep the market bonus over our net asset for an indefinite period,” said Keys Reuters.
Ether Machine also introduces a third capital raise run by Citibank. Keys said that the fresh round is focused on at least $ 500 million and will start on Wednesday.
Related: Ether will break below “Tom Lee”: Does 10% come?
$ 11 billion of the Bitcoins whale turns into the ether
The mysterious Bitcoin whale worth over $ 11 billion constantly turned funds to the ether. The investor recently sold Bitcoin worth $ 215 million to get $ 216 million in a point ether via Hyperliquid, increasing the total ETH to 886 371 ETH, currently worth over $ 4 billion.
https://www.youtube.com/watch?v=20zfedqdkl8
Whale first began to trade funds on August 21, exchanging $ 2.59 billion in BTC with a point position $ 2.2 billion and $ 577 million in Eth Perpetual Far. After closing the part of the crane item with $ 33 million profit, the investor resumed the purchase of the purchase.
Warehouse: Bitcoin is “Funny Internet Money” during the crisis: co -founder of Tempo
