Ether Machine Don Secure 150,000 ETH Before Nasdaq Debut
Ether Machine don secure over 150,000 ETH private funding before dem plan to list for Nasdaq. Dis investment go boost di company crypto treasury make e hold more than 495,000 ETH (wey worth pass $2 billion) plus $367 million fiat. Ethereum pipo dem veteran, Jeffrey Burns join di board, e strengthen how Ether Machine dey manage and grow dia business. Dis funding round na part of bigger plan to manage crypto treasury well well. By issue convertible debt and preferred stock, Ether Machine dey reduce capital dilution and still dey maximize ETH per share. Co-founder Andrew Keys talk say di company expect network returns plus debt issuance go still dey premium compared to market NAV. Di third financing round, wey dey target $500 million and led by Citibank, go start September 3. Dis move from Ether Machine dey show say institutions dey trust cryptocurrency as treasury asset well well and e position di company for strong start for Nasdaq.
Bullish
Ether Machine private funding of 150,000 ETH plus $367 million fiat before dem Nasdaq debut dey signal strong institutional demand for crypto as treasury assets. Dem include Ethereum veteran Jeffrey Burns and dem use convertible debt to minimize dilution show say dem sabi for financial planning. Dis one be like MicroStrategy wey dey use successful Bitcoin acquisition strategy to drive better demand and price rise. For short term, people dey expect big ETH purchase for treasury fit boost trading volume and price momentum. For long term, if Nasdaq listing go successful and crypto reserves big, e fit attract more institutional investors, stabilize market and maintain bullish trend.