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Today in crypto, Republic Technologies raised $100 million to build a substantial Ether treasury, CoinShares reported that crypto investment products experienced their largest outflow of funds since February amid an ongoing period of market panic, and Bitcoin briefly slumped to its lowest price year-to-date as the crypto market pulls back.
Republic Technologies — formerly Beyond Medical Technologies — has secured a $100 million convertible note facility to build a substantial Ether (ETH) treasury, using financial terms the company said are unique in the digital asset sector.
The facility carries a 0% interest rate, requires no ongoing interest payments and includes no collateral requirements if the price of Ether declines. Republic emphasized that the raise limits dilution, contrasting it with BitMine Immersion’s recent $365 million financing, which included warrant coverage and resulted in shareholder dilution.
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