The ether machine (Ethm)A crypto investment vehicle preparing to make public by a merger with Dynamix Corporation, said on Tuesday that it had obtained 150,000 additional ether (Eth)worth around 654 million dollars, Jeffrey Berns, the founder of Blockchains.
The last commitment leads to the total of the ETH of the company held or promised at 495,362 ETH, worth around 2.16 billion dollars, the press release said.
The company also has up to $ 367.1 million reserved for other purchases, assuming that dynamix shareholders do not buy their actions before the merger closes.
Berns, who supported Ethereum as a digital identity and internet infrastructure platform, should join the board of directors of the Ether machine once the transaction is later finalized this year. His investment follows a prior anchor commitment of 169,984 ETH ($ 741 million) of the co-founder and president of the Ether Machine Andrew Keys.
The company also plans to continue a third cycle of fundraising of at least $ 500 million with Citibank leading the effort, Keys said in an interview with Reuters.
The Ether machine is part of a growing list of public enterprises pursuing a strategy to acquire ETH, the second largest cryptocurrency. The ETH cash companies, led by Bitmin and Sharplink Gaming, have already bought almost 4% of the supply of Token’s, a strategicethreserve.xyz watch dashboard.
Read more: Bitmin Immersion increases Ether Holdings to 8.1 billion dollars, with 623 million dollars in cash for more purchases
