US EditionThis Crypto Treasury Firm Is Vying to Be the MicroStrategy of Ether–but with a Focus on Generating Yield
UNITED STATES, JUL 21 – The Ether Machine will launch with over 400,000 ETH and $1.6 billion in committed financing to offer institutional investors Ethereum staking and decentralized finance yield strategies.
- The Ether Machine, co-founded by Andrew Keys, will begin trading on Nasdaq under ticker ETHM on Monday after merging with Dynamix Corporation.
- This reflects an increasing movement among companies to accumulate Ethereum-centered crypto holdings to deliver institutional-level exposure and generate returns.
- Ether Machine aims to manage over 400,000 ETH worth $1.5 billion at launch, focusing on yield through staking and infrastructure solutions for blockchain builders.
- Keys told CNBC that when managed appropriately, ether can generate returns, and he emphasized that staking makes it a "more productive" asset compared to bitcoin.
- The listing may accelerate Ethereum's adoption in institutional finance by providing secure, liquid access to eth-denominated yield beyond price exposure.
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The Ether Machine will begin trading on the Nasdaq Monday under the ticker ETHM through merger with blank check company Dynamix Corporation. The company is the latest in an emerging cohort of new entities aiming to replicate MicroStrategy’s successful accumulation strategy, but around ether. The Ether Machine plans to differentiate with a focus on yield generation through staking rather than simply buying and holding the ether. The latest crypto…
Ethereum Price Forecast: Bernstein predicts buying pressure from banks amid $2.18 billion ETH ETF milestone
Ethereum (ETH) trades near $3,800 following the upcoming launch of The Ether Machine's $1.5 billion ETH treasury and a record weekly inflow of $2.18 billion into US spot ETH exchange-traded funds (ETFs).
Ether Machine to launch $1.5B institutional ETH yield fund - WorldNL Magazine
The company plans to launch “one of the largest onchain ETH positions of any public entity” by generating ETH-denominated returns through staking and DeFi participation. A team of crypto-native researchers and public market experts is preparing to launch what it calls the largest yield-bearing Ether fund targeting institutional investors.The company, called Ether Machine, plans to create a publicly traded vehicle offering institutional-grade exp…
Ether Machine Raises $1.5B for Ethereum Acquisition - Blockchain & Cryptocurrencies Tabloid
Ether Machine secures $1.5B funding, with $800M dedicated to Ethereum acquisition, led by Andrew Keys. The post Ether Machine Raises $1.5B for Ethereum Acquisition appeared first on Blockchain & Cryptocurrencies Tabloid.
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