Ether Machine secured $654 million worth of ether in a private round as it readies a planned Nasdaq listing later this year. The company disclosed the investment to Reuters on Tuesday. Ether Machine to Go Public With More Than $2B in Ethereum The financing comprises 150,000 ether ( ETH) from Jeffrey Berns, a longtime ether […]Ether Machine secured $654 million worth of ether in a private round as it readies a planned Nasdaq listing later this year. The company disclosed the investment to Reuters on Tuesday. Ether Machine to Go Public With More Than $2B in Ethereum The financing comprises 150,000 ether ( ETH) from Jeffrey Berns, a longtime ether […]

Ether Machine Taps $654M Private Raise Before Nasdaq Launch

2 min read

Ether Machine secured $654 million worth of ether in a private round as it readies a planned Nasdaq listing later this year. The company disclosed the investment to Reuters on Tuesday.

Ether Machine to Go Public With More Than $2B in Ethereum

The financing comprises 150,000 ether ( ETH) from Jeffrey Berns, a longtime ether advocate and the founder and CEO of Blockchains, a technology firm focused on blockchain. Ether Machine told Reuters the ETH will be transferred to its wallet later this week.

Ether Machine Taps $654M Private Raise Before Nasdaq Launch

As part of the deal, Berns will also take a seat on the company’s board of directors, the report said. ETH reserve data compiled by strategicethreserve.xyz shows Ether Machine holds 345,400 ether valued at $1.49 billion at press time.

“Proud to announce [The Ether Machine (ETHM)] raised an additional $654M worth 150,000 ETH in August,” the company’s co-founder and chairman, Andrew Keys, wrote on X on Tuesday. With a Nasdaq listing expected to close next quarter, fundraising continues.

Keys confirmed to Reuters that Citibank will lead a third capital-raising round of at least $500 million, beginning Wednesday. Upon going public, Reuters’ Ateev Bhandari reported that Ether Machine is expected to hold more than 495,362 ether, worth over $2 billion.

This would still place Ether Machine behind the top public holders, Bitmine and Sharplink. Bitmine controls 1.8 million ETH worth $7.7 billion, while Sharplink holds 797,700 ETH valued at $3.43 billion, according to the ETH reserve treasury site strategicethreserve.xyz. However, Sharplink acquired 39,008 ETH, and total holdings rose to 837,230 ETH according to its announcement earlier today.

Market Opportunity
Moonveil Logo
Moonveil Price(MORE)
$0.0007955
$0.0007955$0.0007955
+0.03%
USD
Moonveil (MORE) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Fed Decides On Interest Rates Today—Here’s What To Watch For

Fed Decides On Interest Rates Today—Here’s What To Watch For

The post Fed Decides On Interest Rates Today—Here’s What To Watch For appeared on BitcoinEthereumNews.com. Topline The Federal Reserve on Wednesday will conclude a two-day policymaking meeting and release a decision on whether to lower interest rates—following months of pressure and criticism from President Donald Trump—and potentially signal whether additional cuts are on the way. President Donald Trump has urged the central bank to “CUT INTEREST RATES, NOW, AND BIGGER” than they might plan to. Getty Images Key Facts The central bank is poised to cut interest rates by at least a quarter-point, down from the 4.25% to 4.5% range where they have been held since December to between 4% and 4.25%, as Wall Street has placed 100% odds of a rate cut, according to CME’s FedWatch, with higher odds (94%) on a quarter-point cut than a half-point (6%) reduction. Fed governors Christopher Waller and Michelle Bowman, both Trump appointees, voted in July for a quarter-point reduction to rates, and they may dissent again in favor of a large cut alongside Stephen Miran, Trump’s Council of Economic Advisers’ chair, who was sworn in at the meeting’s start on Tuesday. It’s unclear whether other policymakers, including Kansas City Fed President Jeffrey Schmid and St. Louis Fed President Alberto Musalem, will favor larger cuts or opt for no reduction. Fed Chair Jerome Powell said in his Jackson Hole, Wyoming, address last month the central bank would likely consider a looser monetary policy, noting the “shifting balance of risks” on the U.S. economy “may warrant adjusting our policy stance.” David Mericle, an economist for Goldman Sachs, wrote in a note the “key question” for the Fed’s meeting is whether policymakers signal “this is likely the first in a series of consecutive cuts” as the central bank is anticipated to “acknowledge the softening in the labor market,” though they may not “nod to an October cut.” Mericle said he…
Share
BitcoinEthereumNews2025/09/18 00:23
While Shiba Inu and Turbo Chase Price, 63% APY Staking Puts APEMARS at the Forefront of the Best Meme Coin Presale 2026 – Stage 6 Ends in 3 Days!

While Shiba Inu and Turbo Chase Price, 63% APY Staking Puts APEMARS at the Forefront of the Best Meme Coin Presale 2026 – Stage 6 Ends in 3 Days!

What if your meme coin investment could generate passive income without selling a single token? Shiba Inu climbed 4.97% as 207 billion tokens left exchanges. Turbo
Share
Coinstats2026/02/04 03:15
SUI Price Is Down 80%: Price Nears Level Bulls Cannot Afford to Lose

SUI Price Is Down 80%: Price Nears Level Bulls Cannot Afford to Lose

SUI price has quietly slipped into a zone that usually decides everything. Charts show an 80% drop from the peak, yet the market is no longer moving fast. This
Share
Captainaltcoin2026/02/04 03:00