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Ethereum treasury company will go public through a $1.5 billion SPA deal.
According to a report by Jinse Finance and Bloomberg, the Ethereum treasury company has agreed to go public through a merger with special purpose acquisition company (SPAC), with the deal supported by more than $1.5 billion in cryptocurrency and equity financing. According to a statement released on Monday, the merged company Ether Machine Inc. will be backed by 169,984 Ether provided by one of the co-founders and will receive over $800 million in equity financing. In addition, up to $170 million in cash from the trust account of the merging party Dynamix Corp. will also be included in the transaction.