The Ether Machine (ETHM), a cryptocurrency investment entity, is preparing for its public listing through a merger with Dynamix Corporation. On Tuesday, it announced it has obtained an additional 150,000 ETH, equivalently valued at $654 million, from Jeffrey Berns, the founder of Blockchains. This latest funding increases the firm’s total ETH holdings to 495,362, worth approximately $2.16 billion.

Key Points:

• Berns’ investment boosts the company’s holdings.
• The Ether Machine plans to initiate a third funding round aiming for $500 million, spearheaded by Citibank, as per CEO Keys’s comments to Reuters.
• Berns, a supporter of Ethereum’s role in digital identity and web infrastructure, is expected to join The Ether Machine’s board after the merger’s finalization later this year.

Additionally, the firm has set aside $367.1 million for future purchases, contingent upon Dynamix shareholders not redeeming their shares before the merger concludes.