Citing Coinrise, Republic Technologies has raised $100 million through a zero-coupon convertible note from a large institutional investor. The funds will be used to expand Ethereum validator operations and increase ETH holdings, with over 90% of the capital allocated to buying Ethereum. The deal includes 50% warrant coverage at market price and no interest or collateral obligations, allowing Republic to grow its validator network with reduced financial risk.
Republic Raises $100M to Expand Ethereum Validator Operations
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