Republic Technologies has secured a $100 million convertible note to increase its Ether (ETH) holdings and expand validator infrastructure. The company said the financing was structured to avoid ongoing debt costs and reduce the effect on existing shareholders.
The facility includes no interest payments, no margin requirements, and no extra collateral tied to market changes. The terms allow Republic to grow its ETH reserves without the risks linked to traditional lending structures.
Republic confirmed that the loan carries a 0% interest rate and does not require repayment unless converted to shares. The note also does not force the company to provide extra funds if Ether’s price falls. This setup removes the pressure that other digital asset firms often face when borrowing against crypto.
To compare, Republic pointed to a recent $365 million raise by BitMine Immersion Technologies. That deal included 200% warrant coverage, meaning new shares could be issued and reduce ownership percentages for current shareholders. Republic’s financing includes 50% warrant coverage priced at market value, which still has a dilution effect but on a smaller scale.
ETH Purchase and Validator Growth Ahead
Republic plans to use most of the funds to purchase Ether and expand its Ethereum validator operations. Validators help secure the network and earn rewards for doing so. The company expects this to support its long-term position in the Ethereum ecosystem.
The validator expansion is part of a broader ETH strategy. Republic joins a growing number of public companies adding Ether to their balance sheets while also participating directly in the network through staking.
More Public Firms Accumulate ETH
According to CoinGecko, 18 public firms currently hold over 5.45 million ETH, valued at about $17.3 billion. These holdings rise and fall with the market, which has seen large price swings. At the time of Republic’s announcement, ETH was trading around $3,100.
BitMine remains the largest holder of Ether among public companies and now controls about 2.9% of the total supply. The firm said it plans to raise this to 5%. Its chairman, Tom Lee, commented that he does not “believe crypto prices have peaked for this cycle,” referring to changes in regulation and tokenization as possible growth drivers.
Republic Technologies, formerly Beyond Medical Technologies, shifted to a blockchain focus in recent years and continues to build its position in the Ethereum ecosystem through structured finance and infrastructure growth.
