[Ether Machine secures $654 million in Ethereum private sale] On September 2, news from Reuters reported that Ether Machine announced it has completed a private sale financing worth $654 million (approximately 150,000 Ether), with investor Jeffrey Berns, a long-time supporter of Ethereum, joining the company's board of directors. The company was formed by the merger of Ether Reserve and Dynamix Corporation and is expected to go public on Nasdaq in the fourth quarter of this year, holding approximately 495,362 Ether (worth $2.16 billion) and $367.1 million in cash at that time. Andrew Keys, co-founder and chairman of the company, revealed that a third round of financing led by Citibank will kick off this Wednesday, aiming for at least $500 million.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Ether Machine secured $654 million in Ethereum private sale funding.
[Ether Machine secures $654 million in Ethereum private sale] On September 2, news from Reuters reported that Ether Machine announced it has completed a private sale financing worth $654 million (approximately 150,000 Ether), with investor Jeffrey Berns, a long-time supporter of Ethereum, joining the company's board of directors. The company was formed by the merger of Ether Reserve and Dynamix Corporation and is expected to go public on Nasdaq in the fourth quarter of this year, holding approximately 495,362 Ether (worth $2.16 billion) and $367.1 million in cash at that time. Andrew Keys, co-founder and chairman of the company, revealed that a third round of financing led by Citibank will kick off this Wednesday, aiming for at least $500 million.