Republic secures $100 million zero-interest financing to buy ETH and expand staking operations
Republic Technologies secured $100 million in zero-coupon financing to acquire ETH for expanding its Ethereum validator operations.Summary
Vancouver-based Republic Technologies, trading as DOCT on the Canadian Stock Exchange, announced it secured a $100 million zero-coupon convertible note from an institutional investor. Over 90% of the proceeds will be used to purchase Ethereum (ETH), starting with a $10 million tranche, to expand its Ethereum validator infrastructure and staking rewards. Notably, the financing carries no interest payments or mark-to-market collateral requirements, terms considered unusual in crypto financing. The deal includes 50% warrant coverage priced at market value, which Republic frames as "cash-flow neutral." CEO Daniel Liu views Ethereum as essential "digital fuel" for financial systems, and this raise reflects a broader institutional trend toward using ETH as a balance-sheet asset.
(Source：The Block)