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The Ether Machine raised another 150,000 ETH in August — worth $654 million — through a single investment from longtime 
Ethereum supporter Jeffrey Berns, the company announced Tuesday. The deal brings the firm's total committed capital to over $2.5 billion.
What’s the Scoop?
- Third-Largest Holder: The Ether Machine now holds 495,362 ETH (~$2.14B), ranking behind BitMine and SharpLink in corporate ETH holdings.
- Board Addition: Investor Jeffrey Berns, who contributed the full 150,000 ETH, will join The Ether Machine’s board of directors later this week.
- Strategic Capital: The firm still has $367M in undeployed capital to acquire more ether ahead of its anticipated Nasdaq listing next quarter.
- Rapid Accumulation: Formed just two months ago via a merger between Ether Reserve and blank-check firm Dynamix, the company has already logged three major ETH purchases.
- More to Come: A third funding round led by Citibank will launch Wednesday, with a minimum target of $500 million.
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