Dynamix to merge and launch Ether Machine with $1.5B in ETH holdings

Special purpose acquisition company (SPAC) Dynamix is preparing to merge with another entity to form a new firm called Ether Machine, according to the Wall Street Journal, citing sources. The combined company plans to hold more than $1.5 billion in Ethereum (ETH), betting that a more crypto-friendly Trump administration will drive investor interest in firms heavily invested in digital assets.