Republic Technologies has completed a $100 million zero-interest financing to increase its Ethereum holdings.

BlockBeats News, November 10, according to The Block, Republic Technologies (Canadian Securities Exchange stock code: DOCT) announced on Monday that it has received a $100 million zero-coupon convertible bond from a certain "leading institutional investor" to expand its staking 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 underway.

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