The Ether Machine Secures $654 Million ETH Investment from Jeffrey Berns

The Ether Machine (ETHM) is set to go public through a merger with Dynamix Corporation. Key developments include:

Acquisition of 150,000 ether (ETH), valued at $654 million, from Jeffrey Berns, founder of Blockchains.
Total ETH owned or pledged reaches 495,362 ETH, valued at approximately $2.16 billion.
Up to $367.1 million reserved for additional purchases, contingent on Dynamix shareholders not redeeming shares before the merger closes.
Berns is expected to join The Ether Machine’s board post-transaction completion.
Prior investment includes 169,984 ETH ($741 million) from co-founder Andrew Keys.
Plans for a third fundraising round of at least $500 million, led by Citibank.
Other public firms have also been acquiring ETH, collectively holding nearly 4% of its total supply.