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Blank check company Dynamix plans to merge and form EtherMachine, with a plan to hold over $1.5 billion in ETH.
[Special Purpose Acquisition Company] Dynamix plans to merge to form EtherMachine, aiming to hold over $1.5 billion in ETH. According to the Wall Street Journal, citing informed sources, the SPAC Dynamix is preparing to merge with another entity to establish a new company called "EtherMachine." The merged company plans to hold over $1.5 billion in Ethereum (ETH). The bet behind this plan is that under a more crypto-friendly Trump administration, investors will continue to favor those companies that invest heavily in crypto assets.