Overview

• Jeffrey Berns committed 150,000 ether, roughly $654 million, with the funds set to reach the company’s wallet later this week and a board seat for Berns expected.
• Total ether owned or pledged now stands at 495,362 ETH, valued near $2.16 billion, with about $367.1 million available for additional purchases.
• A third fundraising round of at least $500 million will be led by Citibank, with the process beginning Wednesday, according to co-founder Andrew Keys.
• The Ether Machine was formed from a merger of Ether Reserve LLC and blank-check sponsor Dynamix Corporation and is targeting a Nasdaq listing under the ticker ETHM in the fourth quarter of 2025, pending approvals.
• Management underscores staking and related on-chain strategies to generate yield and maintain a multiple-to-net-asset value over time.