Republic has raised $100 million, intended for purchasing ETH

2025-11-10 21:04:45

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According to The Block, Republic Technologies (CSE: DOCT) announced on Monday that it has secured $100 million in zero-coupon convertible bonds from a "leading institutional investor" to expand its validation node business and increase its Ethereum holdings. Over 90% of the funds raised will be used to acquire ETH, with an initial $10 million already initiated.

Republic revealed that this transaction includes a 50% warrant coverage, priced at market value, avoiding the deep discount issues that have previously plagued peers like BitMine Immersion and BTCS, and defined the terms as "cash flow neutral," allowing it to deploy capital without the need for debt repayment.

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