Ether Machine receives $654 million in private equity financing on Ethereum, invested by Jeffrey Berns
Source: PANews
Time: 2025-09-02 18:41:09
PANews reported on September 2 that Ether Machine announced that it had received 150,000 Ethereum (about 654 million US dollars) through private equity financing, invested by long-time backer Jeffrey Berns, and will be transferred to the company's wallet this week. Berns will join the board of directors. The company was formed by a merger of Ether Reserve and Dynamix Corporation, and plans to go public at Nasdaq. It currently holds more than 495,362 Ethereum (approximately US$2.16 billion) and US$367 million in funds, and continues to lead a new round of US$500 million in financing by Citibank.