06:48 AM EDT, 07/21/2025 (MT Newswires) -- The Ether Machine (ETHM) announced Monday its public launch through a business combination between The Ether Reserve and Dynamix ( DYNX ) .

Following the merger, the company said the combined entity will trade on Nasdaq under the 'ETHM' ticker.

Co-founder Andrew Keys contributed $645 million at launch, and over $800 million in fully committed funding was raised from institutional investors, including Kraken, Pantera Capital, Electric Capital, and others, the company said.

The company said it would generate returns through Ethereum staking, restaking, and DeFi protocols, while also supporting the Ethereum ecosystem through partnerships, research, and infrastructure services for institutions and crypto-native projects.

The Ether Machine said the transaction, expected to close by Q4, will deliver over $1.6 billion of gross proceeds and over 400,000 ETH on its balance sheet.

Dynamix's ( DYNX ) shares were up 45% in Monday's premarket activity.