Ether Machine dey add 150,000 ETH from Jeffrey Berns
Ether Machine, one digital asset treasury firm, don secure 150,000 ETH ($654 million) in-kind commitment from Blockchains founder Jeffrey Berns. This one raise Ether Machine total ETH holdings to 495,362 tokens (around $2.16 billion). The firm, wey dey ready to go public through merger with Dynamix Corporation, still get $367.1 million reserved for more ETH purchases if Dynamix shareholders no redeem. Berns go join the board when dem close, join co-founder Andrew Keys wey don already commit 169,984 ETH ($741 million). Ether Machine plan third fundraising round of at least $500 million led by Citibank. Dis move reflect bigger trend of ETH treasury companies—wey BitMine and SharpLink Gaming dey lead—wey dey gather plenty ETH reserves, currently about 4% of the token supply. Traders suppose watch how Ether Machine better ETH position and upcoming fundraising go affect market liquidity and price dynamics.
Bullish
The Ether Machine get 150,000 ETH na show say strong institutional confidence dey for Ethereum, e dey reduce circulating supply and e also mean say demand for ETH treasury still dey gidigba. Similar moves wey BitMine and SharpLink Gaming don do before dey usually related to bullish price movements as big buys tight supply and boost market feeling. For short term, dis announcement fit bring positive momentum and encourage other treasury firms make dem continue to buy. For long term, if merger succeed and if fundraising big wella, e fit make The Ether Machine market position strong, fit attract more institutional interest and fit put more upward pressure for ETH price. Overall, steady demand from treasury companies mean say outlook for Ethereum dey bullish.