Nasdaq-Bound: Ether Machine Taps SPAC Route With $1.5B in Funding

Ethereum Investment Firm ‘The Ether Machine’ to List on Nasdaq via $1.5B SPAC Deal

A new Ethereum-focused investment firm is set to go public on the Nasdaq under the name The Ether Machine, following a merger with special purpose acquisition company Dynamix Corporation (DYNX).

The listing will give the newly formed entity direct exposure to approximately 400,000 ETH, currently valued at $1.53 billion. The Ether Machine plans to generate yield from staking, restaking, and DeFi protocols, offering investors institutional-grade access to Ethereum-native returns.

The vehicle is backed by $645 million in ETH from Andrew Keys, former ConsenSys executive and incoming chairman, as well as $800 million in capital commitments from prominent crypto investors, including Pantera Capital, Kraken, Blockchain.com, and 1RoundTable Partners.

Shares of DYNX surged over 30% in premarket trading following Monday’s announcement.

The listing comes as Ethereum experiences renewed strength, with ETH rallying 25% last week and reclaiming the $3,800 level for the first time in 2025.