Republic Technologies (DOCT) Secures $100M Zero-Coupon Convertible Bond to Expand Ethereum Staking and Boost ETH Holdings
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COINOTAG News, citing The Block on November 10, reports that Republic Technologies (CSE: DOCT) has secured a $100 million zero-coupon convertible bond from a prominent institutional investor to accelerate its staking node platform and bolster Ethereum holdings.
According to the disclosure, more than 90% of the funds will be allocated to ETH acquisitions, with an initial $10 million already underway.
The financing features 50% warrant coverage, priced at market value, avoiding the deep-discount issues seen by peers like BitMine Immersion and BTCS, and is described as cash flow neutral, enabling capital deployment without immediate debt repayment obligations.