Latest news with #ConsenSys
CNA
2 days ago
- Business
- CNA
Ether Machine, backed by crypto giants, set to raise over $1.6 billion in Nasdaq debut
The Ether Reserve, a new crypto venture backed by prominent crypto investors, will list on the Nasdaq through a merger with blank-check firm Dynamix Corporation and is expected to raise over $1.6 billion. The combined entity, to be named The Ether Machine, aims to launch with more than 400,000 Ether on its balance sheet, positioning it as the largest public vehicle for institutional exposure to the world's second-largest cryptocurrency. The deal highlights rising institutional interest in holding crypto on corporate balance sheets, a strategy popularized by Michael Saylor at Strategy. In recent months, several projects have announced plans to publicly list their shares while aiming to wrap crypto assets into equity to attract traditional investors. While most corporate interest has focused on Bitcoin, Ether has surged in recent weeks, hitting a six-month high on Friday. Ether has benefited from increased regulatory clarity around U.S. dollar-pegged stablecoins, most of which are issued and transacted on the Ethereum blockchain. Andrew Keys, a former executive at ConsenSys — a crypto firm founded by Ethereum co-founder Joseph Lubin — will serve as Ether Machine's chairman. Investors in the blank-check deal, including Kraken, and Pantera Capital, are contributing more than $800 million through an upsized common stock offering. The company will trade on the Nasdaq under the symbol "ETHM" upon deal close, which is expected in the fourth quarter of 2025.
Yahoo
2 days ago
- Business
- Yahoo
Ether Machine, backed by crypto giants, set to raise over $1.6 billion in Nasdaq debut
(Reuters) -The Ether Reserve, a new crypto venture backed by prominent crypto investors, will list on the Nasdaq through a merger with blank-check firm Dynamix Corporation and is expected to raise over $1.6 billion. The combined entity, to be named The Ether Machine, aims to launch with more than 400,000 Ether on its balance sheet, positioning it as the largest public vehicle for institutional exposure to the world's second-largest cryptocurrency. The deal highlights rising institutional interest in holding crypto on corporate balance sheets, a strategy popularized by Michael Saylor at Strategy. In recent months, several projects have announced plans to publicly list their shares while aiming to wrap crypto assets into equity to attract traditional investors. While most corporate interest has focused on Bitcoin, Ether has surged in recent weeks, hitting a six-month high on Friday. Ether has benefited from increased regulatory clarity around U.S. dollar-pegged stablecoins, most of which are issued and transacted on the Ethereum blockchain. Andrew Keys, a former executive at ConsenSys — a crypto firm founded by Ethereum co-founder Joseph Lubin — will serve as Ether Machine's chairman. Investors in the blank-check deal, including Kraken, and Pantera Capital, are contributing more than $800 million through an upsized common stock offering. The company will trade on the Nasdaq under the symbol "ETHM" upon deal close, which is expected in the fourth quarter of 2025. Erreur lors de la récupération des données Connectez-vous pour accéder à votre portefeuille Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données
Reuters
2 days ago
- Business
- Reuters
Ether Machine, backed by crypto giants, set to raise over $1.6 billion in Nasdaq debut
July 21 (Reuters) - The Ether Reserve, a new crypto venture backed by prominent crypto investors, will list on the Nasdaq through a merger with blank-check firm Dynamix Corporation (DYNX.O), opens new tab and is expected to raise over $1.6 billion. The combined entity, to be named The Ether Machine, aims to launch with more than 400,000 Ether on its balance sheet, positioning it as the largest public vehicle for institutional exposure to the world's second-largest cryptocurrency. The deal highlights rising institutional interest in holding crypto on corporate balance sheets, a strategy popularized by Michael Saylor at Strategy (MSTR.O), opens new tab. In recent months, several projects have announced plans to publicly list their shares while aiming to wrap crypto assets into equity to attract traditional investors. While most corporate interest has focused on Bitcoin, Ether has surged in recent weeks, hitting a six-month high on Friday. Ether has benefited from increased regulatory clarity around U.S. dollar-pegged stablecoins, most of which are issued and transacted on the Ethereum blockchain. Andrew Keys, a former executive at ConsenSys — a crypto firm founded by Ethereum co-founder Joseph Lubin — will serve as Ether Machine's chairman. Investors in the blank-check deal, including Kraken, and Pantera Capital, are contributing more than $800 million through an upsized common stock offering. The company will trade on the Nasdaq under the symbol "ETHM" upon deal close, which is expected in the fourth quarter of 2025.
Yahoo
24-06-2025
- Business
- Yahoo
SharpLink Gaming Boosts Ethereum Treasury to 188,478 ETH With $30M Purchase
SharpLink Gaming (SBET), a publicly-listed gaming tech company with a crypto strategy focused on ether ETH, said Tuesday it increased its treasury holdings of the second-largest cryptocurrency to 188,478 ETH. The Minneapolis-based firm bought 12,207 ETH for some $30.7 million between June 16 and June 20 at an average price of $2,513 per coin, according to a press release. To fund the purchase, SharpLink raised $27.7 million in net proceeds through its at-the-market (ATM) offering, selling over 2.5 million shares. SharpLink in one of the growing group of public companies that recently pivoted to add cryptocurrencies to their balance sheets, following the playbook of Michael Saylor's bitcoin-focused Strategy (MSTR). The latest move follows a $450 million fundraising round earlier this month through a private round from a wide range of investors, including ConsenSys, Galaxy and Pantera Capital, to buy ETH. Ethereum co-founder and ConsenSys CEO Joseph Lubin also joined the firm as board chairman. The firm now claims the bragging right of being the largest publicly traded holder of ether globally with some $470 million in ETH at current prices. Since launching its ETH treasury strategy, the company said it has staked all its crypto stack earning 120 ETH in rewards. The company also reported a nearly 19% increase in ETH per share during that span. "This move reflects our confidence in Ethereum's utility and our commitment to exploring transformative technologies that can unlock new value for our business and stockholders, alike," Lubin said in a in to access your portfolio
Yahoo
18-06-2025
- Business
- Yahoo
Ethereum Treasury Company SharpLink Gaming Surges 45% as ETH Leads Rally
Ethereum Treasury Company SharpLink Gaming Surges 45% as ETH Leads Rally originally appeared on TheStreet. It's been a rocky June for the most popular publicly-traded Ethereum treasury company — but this week is looking up. Shares in Sharplink Gaming surged 45% on Monday. On Friday, we flagged the love that the stock received in a new note issued by Fundstrat — noting that the premium to the ETH the company holds had fallen to just 1.6x its net-asset value. That compares favorably to the 1.9x premium that Saylor's Bitcoin-levered company Strategy trades at. 'We believe [$SBET] offers intriguing upside at these prices,' wrote Fundstrat's Sean Farrell. The 45% pop since the note came out seems to be proving that analysis correct. But if you believe ETH is just getting started, Sharplink looks like it still has room to run. Interestingly, the ETH-BTC chart shows ETH has continued to defying its downtrend. Perhaps the break higher is really here. Still, Sharplink has been a volatile play as the market figures out how to price the company now being led by Ethereum co-founder Joe Lubin. Shares rocketed 2,000% higher to close out May when the marketing partner to sportsbooks and online casino gaming operators announced a $425 private investment round led by Lubin's ConsenSys. Prominent crypto investors including Pantera Capital, Arrington Capital, Galaxy Digital, Ondo, White Star Capital, GSR, Hivemind Capital, Hypersphere, Primitive Ventures, and Republic Digital participated as well. Last week, shares got hammered and fell 70% after the company filed to register PIPE shares and pre-funded warrants with the SEC, enabling resale by investors. As Fundstrat noted, "registration of PIPE shares simply allows investors to sell but is not an indication of an intention to sell." Lubin also took to X last week to assuage investor fears, saying "Some are misinterpreting SBET's S-3 filing..." In a follow up tweet that referenced Coinage's reporting, Lubin noted that institutional investors will come to appreciate what Ethereum offers with DeFi. "Wall Street will care about consistent 'number go up' in instruments they can access, analyze and invest in. They will be motivated to deep dive and learn what's up with these strategies," he said. "They will have to deeply understand the details of Bitcoin and Ethereum and the strategies of MSTR and SBET. They will have do go deep on DeFi on Ethereum." Ethereum Treasury Company SharpLink Gaming Surges 45% as ETH Leads Rally first appeared on TheStreet on Jun 18, 2025 This story was originally reported by TheStreet on Jun 18, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
