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

On November 10th, as per The Block, Republic Technologies (stock code on the Canadian Securities Exchange: DOCT) announced on Monday that it has obtained a $100 million zero-coupon convertible bond from a particular "leading institutional investor" in order to expand its staking node business and enhance its Ethereum holdings. More than 90% of the funds raised will be utilized to purchase ETH, with an initial $10 million already in progress. Republic disclosed that this transaction involves 50% warrant coverage and is priced at the market value, thus avoiding the problem of deep discount that previously affected peers like BitMine Immersion and BTCS. The terms were defined as "cash flow neutral", enabling it to deploy capital without the need for debt repayment.