TL;DR
- The Ether Machine confirmed its listing on Nasdaq following a merger with Dynamix Corporation, a deal still in progress. It will trade under the symbol ETHM.
- The company enters the market with over $1.5 billion in committed capital and more than 400,000 ETH on its balance sheet.
- Its model focuses on generating ETH yields through staking and DeFi, supporting native ETH projects, and providing infrastructure for institutions.
The Ether Machine announced its upcoming Nasdaq listing after securing a merger agreement with Dynamix Corporation, a crypto-focused SPAC. The deal, which remains subject to shareholder approval, is expected to close in the fourth quarter of 2025. Once finalized, the company will trade under the ticker ETHM.
The firm comes to market with over $1.5 billion in committed capital and more than 400,000 ETH on its books. Andrew Keys, co-founder and future chairman, contributed roughly $645 million — equivalent to 169,984 ETH — as an initial investment. In addition, institutional funds and crypto firms like Kraken, Pantera Capital, and Blockchain.com secured over $800 million in common share purchases. Dynamix’s trust will add up to $170 million in cash, bringing total gross capital above $1.6 billion.
The leadership team brings experience from both ETH and traditional finance. David Merin, former head of corporate development at Consensys, will serve as CEO. Jonathan Christodoro, with a background at Morgan Stanley and a board seat at PayPal, will take the role of vice chairman. Together, they lead a company with a proven track record in high-value deals and infrastructure builds for large-scale investors.
What Does The Ether Machine Offer?
The Ether Machine structured its business model around three core goals. First, to generate ETH yields via staking, restaking, and well-established DeFi protocols. Second, to support native ETH projects through research publications and direct collaboration focused on real use cases. Third, to offer institutions infrastructure services such as validator management, block building, and tailored yield strategies. All operations are governed by rigorous risk management and regulatory compliance frameworks.
Once merged, the company will surpass other firms in ETH reserves. SharpLink Gaming holds 353,000 ETH, while BitMine Immersion manages 300,657 ETH. The Ether Machine will become the largest publicly managed ETH holder. Its offering will give institutional investors direct, simple, and regulated access to income streams tied to the second-largest cryptocurrency on the market
