Ethereum's 10th anniversary marked by significant Ethereum treasury investment via The Ether Machine purchase

The Ether Machine, a specialized company for institutional management and scale, has announced a significant move in the Ethereum space. The company, with one of the largest on-chain ETH positions of any public entity, has purchased nearly 15,000 ETH for a total of $56,900,000.01 USD.

The purchase was made by The Ether Reserve LLC, with funds coming from part of the $97 million in cash proceeds from a private placement. This marks the beginning of The Ether Machine's treasury deployment and reflects a deep conviction in ETH as the most important asset of the decentralized internet.

Interestingly, there are no publicly available records indicating which institution acquired the 15,000 Ether from Andrew Keys, co-founder and chairman of The Ether Machine, on July 30, 2025, prior to the transaction being announced.

The Proposed Transactions, which include the business combination between The Ether Machine and Dynamix Corporation, are subject to various risks and uncertainties. These include regulatory review, Ethereum protocol developments, market dynamics, and the risk that the transactions may not be completed in a timely manner or at all.

Participants in the solicitation of proxies from DYNX's shareholders in connection with the Business Combination include DYNX, Pubco, the Company, and their respective directors and executive officers. The Proposed Transactions have not been approved by the SEC or any state securities regulatory agency.

The Ether Reserve LLC has committed to a total of 334,757 ETH, with up to $407,000,000 of USD remaining for additional ETH purchases. It's worth noting that the Pubco Class A Stock and the class A units issued by The Ether Reserve, LLC have not been registered under the Securities Act and may not be offered or sold in the United States without registration or an applicable exemption.

In a related development, Andrew Keys, Chairman and Co-Founder of The Ether Machine, made a personal donation of $100,000 to the Protocol Guild, a community-led funding initiative supporting Ethereum's core protocol contributors. The Protocol Guild is widely recognized as one of the most effective models for open-source sustainability in Web3.

The Proposed Transactions contain forward-looking statements regarding the anticipated benefits and timing of completion of the Proposed Transactions, business plans and investment strategies of the parties involved, expected use of the cash proceeds of the Proposed Transactions, the Company's ability to stake and leverage capital markets and other staking operations, the amount of capital expected to be received in the Proposed Transactions, the assets held by Pubco, Ether's position as the most productive digital asset, plans to increase yield to investors, any expected growth or opportunities associated with Ether, Pubco's listing on an applicable securities exchange and the timing of such listing, expectations of Ether to perform as a superior treasury asset, the upside potential and opportunity for investors resulting from any Proposed Transactions, any proposed transaction structures and offering terms and the parties' plans for Ether adoption, value creation, investor benefits and strategic advantages.

Additional information regarding the interests of the persons who may be deemed participants in the solicitation of proxies of DYNX's shareholders in connection with the Business Combination will be set forth in the Proxy Statement/Prospectus. This communication is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the Proposed Transactions and shall not constitute an offer to sell or exchange, or a solicitation of an offer to buy or exchange the securities of DYNX, the Company or Pubco.