Ether Machine get $1.5B ETH Reserves amid token-for-equity wahala
Ether Machine, one SPAC back crypto treasury firm wey Andrew Keys dey chair, don gather about $1.5 billion for Ethereum reserves. Di firm raise $845 million through token-for-equity deal, wit Keys contribute 169,000 ETH, meanwhile Kraken and Blockchain.com provide like $800 million in equity. Ether Machine model—wey dey promote transparency and compliance wit regs—target institutional investors. But, di token-for-equity trend get risk: similar arrangements like Mercurity Fintech $200 million SOL-for-equity swap don make stock price dey volatile. US-listed crypto reserves like BMNR, SBET, BTBT, and BTCS drop their stock 25–75% despite ETH strong performance. Big venture firms and market-makers don use SPAC structures to cash out tokens cheap, wey dey raise concern say bubble fit dey. Traders suppose watch for posible liquidity shifts, big price corrections, and regulatory scrutiny as token-for-equity model develop.
Neutral
For short term, token-for-equity deals fit cause more wahala for market and people fit dey sell as big holders go dey collect money through SPAC structures. But for long term, locking over $1.5 billion inside ETH reserves fit reduce how much dey waka for market, improve how market dey flow money, and help grow the network. These two forces—quick market movement versus slow steady supply—show say ETH price fit stay neutral.