Overview

• The Ether Machine secured 150,000 ether, about $654 million, from Jeffrey Berns, with delivery to its wallet expected this week.
• Jeffrey Berns will take a seat on the company’s board following the investment.
• The firm now counts roughly 495,362 ether pledged or owned and has about $367.1 million reserved for additional purchases, assuming limited SPAC redemptions.
• Citibank will lead a third capital raise of at least $500 million that the company says begins Wednesday.
• The Nasdaq listing via its merger with Dynamix is expected to close next quarter as the firm targets mNAV valuation using debt instruments and staking-driven yield.