Ethereum Treasury Firm to Go Public via $1.5 Billion SPAC Deal

According to a report by Jinse Finance, citing Bloomberg, Ethereum Treasury Company has agreed to go public through a merger with a Special Purpose Acquisition Company (SPAC), with the deal backed by over $1.5 billion in cryptocurrency and equity financing. According to a statement released on Monday, the merged entity, Ether Machine Inc., will be supported by 169,984 ETH provided by a co-founder and will receive more than $800 million in equity financing. In addition, up to $170 million in cash from the trust account of the merging party, Dynamix Corp., will also be included in the transaction.