CapitalB purchased 37 BTC, bringing the total holdings to 2,925 coins, Dynamix and Ether Machine terminate $1.6 billion SPAC merger

ME News Report, April 15th (UTC+8), according to BBX Cryptocurrency Concept Stock Information Disclosure, two noteworthy developments occurred yesterday in the field of listed cryptocurrency treasury companies: French listed company Capital B completed a new round of BTC accumulation; meanwhile, US listed shell company Dynamix Corporation (NASDAQ: ETHM) officially confirmed the termination of a $1.6 billion merger agreement with The Ether Machine on April 8th, causing the Nasdaq listing plan for The Ether Machine to fall through.

【Key Updates】

• Capital B (Euronext Growth Paris: ALCPB) disclosed on April 13th that it purchased 37 BTC at an average price of approximately €60,892 each (about $66,800), totaling approximately €2.3 million, funded by convertible bonds from Blockstream Capital Partners and UTXO Management. As of the announcement date, the company holds a total of 2,925 BTC, with a total acquisition cost of approximately €269.4 million, and an average holding price of about €92,096 per BTC. The company also disclosed holding 60 BTC separately for operational purposes, not included in the treasury KPI.
• Dynamix Corporation (NASDAQ: ETHM) & The Ether Machine confirmed via SEC 8-K on April 8th that both parties terminated the $1.6 billion business merger agreement signed on July 21, 2025. The Ether Machine must pay Dynamix a $50 million breakup fee within 15 days from April 8th; Dynamix must complete a new business merger by November 22, 2026, or legal liquidation procedures will be initiated. The Ether Reserve LLC (the operating entity of The Ether Machine) still holds about 496,712 ETH, remains private, with no plans for new listing.
• Background of The Ether Machine SPAC breakdown: At the time of the merger announcement (July 2025), ETH was about $4,000; currently, ETH is about $2,300, down approximately 55% from the August 2025 peak. The premium of crypto treasury companies over NAV has significantly narrowed, and risk appetite for crypto targets in the SPAC market has sharply declined. This is the second high-profile failed crypto SPAC merger case since 2026. (Source: BBX)