Ethereum Treasury went public through a merger with a SPAC, receiving more than $1.5 billion in cryptocurrency and stock financing.
B.news
Ethereum Treasury Inc. has agreed to go public through a merger with a special purpose acquisition company (SPAC), with the deal backed by more than $1.5 billion in cryptocurrency and stock financing, according to Bloomberg.According to a s
Ethereum Treasury Inc. has agreed to go public through a merger with a special purpose acquisition company (SPAC), with the deal backed by more than $1.5 billion in cryptocurrency and stock financing, according to Bloomberg.
According to a statement released on Monday, the merged company, Ether Machine Inc., will be backed by 169,984 Ethereum provided by a co-founder and receive more than $800 million in stock financing.
In addition, up to $170 million in cash in the trust account of the merged party Dynamix Corp. will also be included in the transaction.
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