Ether Machine, backed by crypto giants, set to raise over $1.6 billion in Nasdaq debut

The combined entity, to be named The Ether Machine, aims to launch with more than 400,000 Ether on its balance sheet, positioning it as the largest public vehicle for institutional exposure to the world's second-largest cryptocurrency. In recent months, several projects have announced plans to publicly list their shares while aiming to wrap crypto assets into equity to attract traditional investors.