Pantera-Backed Ether Machine Raises $1.5 Billion, Eyes Nasdaq Debut
The Ether Machine, a cryptocurrency investment vehicle backed by Pantera Capital, has secured $1.5 billion in committed funding ahead of an expected listing on Nasdaq. The firm plans to deploy roughly $800 million of the capital to purchase about 400,000 Ether (ETH), establishing what it says will be the largest single pool of institutional exposure to the token and related yield-generating strategies.
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🚨JUST IN: @THEETHERMACHINE BACKED BY PANTERA, RAISES OVER $1.5B IN COMMITTED CAPITAL, LAUNCHING WITH 400,000 $ETH TO OFFER THE LARGEST INSTITUTIONAL ETHEREUM EXPOSURE AND YEILD
The Block The Ether Machine to list on Nasdaq with $1.5 billion war chest for Ethereum treasury https://t.co/JA1XeUv8vq
crypto.news BREAKING: Pantera-backed Ether Machine goes public with $1.5B raised, launching with 400,000 $ETH to offer the largest institutional Ethereum exposure and yield. https://t.co/cmCJE8Fbo1