An Ethereum treasury firm has agreed to go public in a blank-check company merger backed by more than $1.5 billion of crypto and stock financing, joining the rush of digital assets heading to public markets.
Ether Machine Inc., the expected surviving company of the merger, will be anchored by 169,984 Ether from one of the co-founders, and a stock financing of more than $800 million, according to a statementBloomberg Terminal Monday. As much as $170 million of cash in the trust account of Dynamix Corp., the special purpose acquisition company merging with the pool would also be included.