Dynamix plans to merge with an entity to form Ether Machine, plans to hold more than $1.5 billion in ETH

Odaily News Blank check company Dynamix is preparing to merge with another entity to form a new company called Ether Machine with plans to hold more than $1.5 billion in Ethereum (ETH). The core bet behind the plan is that the market will continue to favor companies with heavy holdings in crypto assets in the face of a potentially friendlier crypto regulatory environment under the Trump administration. Kraken and Blockchain.com will provide more than $800 million in equity financing for the transaction, priced at $10 per share. (Wall Street Journal)