Ethereum continues to attract instituional attention as yet another company plans to go publich with committed capital largely distributed in ETH.

The Ether Machine a newly-formed entity aimed at enabling investors to access Ethereum yield will go public with a massive $1.5 billion worth of committed capital.

More than a Treasury Company

According to a press release on the firms official website, The Ether Machine is expected to launch with over 400,000 ETH and manage the largest pool of assets in a public vehicle for institutional-grade exposure to both Ethereum and yield denomianted in ETH.

The newly-formed entity wants to allow public market investors to access ETH exposure and it has raised $800 million from top-tier institutional investors such as Archetype, Blockchain,com, Pantera Capital, Electric Capital, Kraken, and more.

Commenting on the matter was Andrew Keys, Co-Founder and Chairman, who also contributed $645 million for the starting capital, who said:

The Ether Machine provides secure, liquid access to Ether the digital oil that is powering the next era of the digital economy. [] We have assembled a team of Ethereum Avengers to actively manage and unlock yields to levels we believe will be market-leading for investors.

Instead of defining itself as a treasury company, the official website states that The Ether Machine is an ether generation company. In other words, it will not be a passive holder of ETH but rather work actively toward generating ETH-denominated yield for its investors.

Bets Getting Bigger

Public companies holding ETH is starting to become a new meta amongst institutional investors following in the playbook of Michael Saylors Strategy.

Recall that earlier in July, the popular crypto commentator Tom Lee spearheaded a $250 million ETH treasury effort through Bitmine an investment that pales in comparison to the most recent one. Speaking about it, Lee noted:

“Underneath the stablecoin industry is Ethereum – that is really the backbone and architecture of stablecoins, so it’s important to create a project that accumulates Ethereum to essentially protect and have some influence on the network.”