Ether Machine Acquires $654 Million ETH Commitment, Prepares for IPO

Ethereum treasury firm The Ether Machine (ETHM) has received a substantial investment commitment of 150,000 ETH ($654 million), from Blockchain founder Jeffrey Berns. This significant boost to ETHM’s holdings and commitments brings their total ETH reserves to 495,362 ETH, valued at approximately $2.16 billion. This strategic move precedes ETHM’s planned Initial Public Offering (IPO) in Q4 2025, which could unlock an additional $367.1 million for further ETH purchases upon shareholder approval and the successful closing of the IPO.