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The blank check company Dynamix plans to merge and establish Ether Machine, aiming to hold over $1.5 billion in ETH.
On July 21, the Wall Street Journal quoted informed sources reporting that the blank check company Dynamix is preparing to merge with another entity to form a new company called "Ether Machine." 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 companies that invest large amounts of capital in crypto assets.