Republic Technologies, previously known as Beyond Medical Technologies, announced it raised $100 million to buy more Ether (ETH). According to the company, the money comes from a convertible loan with no interest. It does not need to pay ongoing interest or provide extra collateral if ETH prices drop.
As a result, the company said this deal allows it to grow its Ethereum holdings without hurting current shareholders too much. Most of the money will be used to buy ETH and expand Republic’s Ethereum validator network. The validators help secure the Ethereum network and earn small rewards.
Republic highlighted how its deal compares to others in the crypto world. BitMine Immersion, for example, raised $365 million but included 200% warrant coverage. By contrast, Republic’s deal has 50% warrant coverage, which is lower and less dilutive for shareholders. The company said, “This financing structure enables us to increase our ETH treasury with minimal shareholder dilution.”
This comes as many companies are now building large ETH treasuries. According to CoinGecko, 18 public companies hold about 5.45 million ETH, worth roughly $17.3 billion. Prices have moved up and down. At the time of writing, ETH is trading around $3,053, lower than its May high of about $4,900.
Moreover, BitMine’s chairman, Tom Lee, said he does not “believe crypto prices have peaked for this cycle.” He added that better rules and token growth will help the industry.
Ethereum is not just digital money. It also lets companies run smart contracts and create digital assets. Companies can stake ETH to earn small rewards and help keep the network safe. For example, Franklin Templeton and the European Investment Bank use Ethereum for digital assets.
Meanwhile, Ethereum has Layer 2 solutions that make transactions faster and cheaper. More than 50 companies like Deutsche Bank and Sony use them for finance, games, and other projects. Some ETH fees are also burned, which helps keep the supply steady.
That said, Republic’s move shows that more companies are keeping ETH for the long term.
