According to the source, The Ether Machine filed a Form S-4 with the U.S. Securities and Exchange Commission to go public via a planned merger with Dynamix, source: the source. The source also states the entity holds 495,000 ETH valued at approximately $2.25 billion, source: the source. Form S-4 registrations are used for mergers and include material disclosures such as transaction terms, financial statements, and risk factors relevant to investors, source: U.S. SEC. Traders should monitor the SEC’s EDGAR system for the S-4 and subsequent amendments to review any disclosed terms that could affect capital structure, lock-up provisions, or treasury management policies tied to the reported ETH holdings, source: U.S. SEC.