Tharimmune has announced a $540 million private funding round, with lead investment from DRW, to establish the Canton Coin Treasury.

On November 3rd, Tharimmune, Inc. (traded on NASDAQ: THAR), a publicly listed company, announced today that it has reached a private placement agreement ("Offering"). Under this agreement, it will sell common stock (or equivalent pre-funded warrants) to several institutional investors and accredited investors at a price of $3.075 per share. The expected total offering amount is approximately $540 million (excluding underwriting fees and other offering expenses). The Offering is led by DRW and Liberty City Ventures. Prominent institutional investors such as ARK Invest, Bitwave, Broadridge, Clear Street, Copper, Digital Asset, Feynman Point Asset Management, Five North, Kaiko, Kenetic, Kraken, LendOS, Lukka, Nima Capital, MPCH, Obsidian Software, Polychain Capital, Proof Group, SBI Group, The Tie, Tradeweb Markets, and 7RIDGE are also participating. The regulatory entity responsible for overseeing the Canton Network, Canton Foundation, has also taken part in this private placement. Tharimmune is the first and only publicly traded company supported by the Canton Foundation. The Offering is expected to be completed around November 6, 2025, subject to the usual closing conditions. The company plans to use the net proceeds from the private placement to acquire Canton Coin (CC), a utility token that supports Canton Network interoperability and settlement. It also intends to use the funds for working capital and general corporate purposes. Additionally, the company aims to operate as a Super Validator on the Canton Network and run additional validator nodes to earn more CC tokens.