The Ether reserve has announced its intention to return public to the Nasdaq thanks to a merger with the White Corporation White Check Company. According to Reuters, this decision should collect more than $ 1.6 billion, positioning the newly formed entity, to be called “The Ether Machine”, as a major actor in institutional investments in ETH.
The ether machine to be launched with 400,000 eTH
The Ether machine should be launched with a substantial assessment, with more than 400,000 ETH, which will make it the largest vehicle on the stock market for institutional exposure to the second largest cryptocurrency.
This merger follows an increasing tendency to institutional interest in cryptocurrencies, in particular the desire to hold digital assets such as Bitcoin (BTC) on corporate balance sheets.
In recent months, many projects have announced its intention to publicly list their actions, aimed at integrating cryptographic assets into their equity structures to attract traditional investors.
Andrew Keys, who will be president of the ether machine, underlined the advantages of the ETH on BTC, declaring“Bitcoin has no yield and Ethereum done.” This yield is mainly derived from the clearing, a process that improves the safety and functioning of the network.
$ 800 million in support of the main cryptographic companies
The merger would be supported by significant investment contributions exceeding $ 800 million in eminent companies like Blockchain.com, Kraken and Pantera Capital, indicating strong confidence in the company.
The keys compared ETH’s growth to Google’s domination in internet research, noting that about 90% stable And various real tokennisations are set to the Ethereum platform.
This versatility is reinforced by the capacity of the blockchain to support an infinite number of assets and functionalities thanks to intelligent contracts, which automate agreements and eliminate the need for intermediaries.
ETH has also benefited from increased regulatory clarity concerning American stablecoins. Keys pointed out: “The largest beneficiary of the genius law is ETH because the majority of stablecoins reside at the top of Ethereum.”
The act of genius, sign By President Trump, establishes a regulatory framework for Stablecoins, potentially opening the way to a broader adoption of this category of cryptocurrency.
Recent legislative efforts during the last “cryptographic week”, alongside the signing of the Act on Engineering, fueled major gains for Ethereum. While more investment go from Bitcoin to Altcoins, Ethereum should benefit from a favorable perspective within the cryptography industry, especially since investors are looking for higher reward potentials.
At the end of the merger, the Ether machine will exchange the Nasdaq under the symbol of Ticker “ETHM”, the agreement should conclude in the fourth quarter of 2025.
At the time of writing the time of the editorial staff, the price of Altcoin represents just over $ 3,700, which represents a major increase of 26% within the weekly time.
Dall-e star image, tradingView.com graphic
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