Republic raises $100M for ETH purchases under unusual zero-interest deal
Republic Technologies secured a zero-interest convertible loan to expand its Ether holdings, a structure that could limit shareholder dilution.
Republic Technologies, formerly known as Beyond Medical Technologies before transitioning into blockchain infrastructure, has secured a $100 million convertible note facility to expand its Ether holdings — a move the company said will enable it to grow its ETH treasury with minimal shareholder dilution due to favorable financing terms.
The financing comes with unusual terms for a crypto-related company: a 0% interest rate, no ongoing interest payments and no requirement to post additional collateral if the price of Ether (ETH) falls, the company announced Monday.
These features mean Republic does not have to spend cash servicing the debt and cannot default for failing to make interest payments — a common issue for highly leveraged digital-asset companies.