TechFlow, November 10 — According to The Block, Canadian publicly traded company Republic Technologies (ticker: DOCT) announced a $100 million zero-interest convertible note financing from "leading institutional investors" to expand its Ethereum validator operations and ETH reserves.
The company stated that over 90% of the funds will be used to purchase ETH, with an initial deployment of $10 million. The deal carries no interest or collateral requirements and includes only 50% warrants priced at market value—a rarity in the crypto financing space, where double-digit coupon rates or substantial warrant coverage are typical.
Republic operates Ethereum validator infrastructure, earning staking rewards from its ETH holdings, and claims its ETH purchasing strategy developed with QCP Capital achieves an average weekly return of approximately 1.75%.
