Blank Check Company Dynamix to Merge and Form Ether Machine, Plans to Hold Over $1.5 Billion in ETH

BlockBeats News, July 21st, according to The Wall Street Journal, blank-check company Dynamix is preparing to merge with another entity to establish a new company named "Ether Machine." The merged company plans to hold over $1.5 billion worth of Ethereum (ETH).

The underlying bet behind this plan is that under the more crypto-friendly leadership of the Trump administration, investors will continue to favor those companies that pour large amounts of money into crypto assets.