As Bitcoin’s price recently dropped below $90,000, concerns arose that the long bullish trend may be ending. However, substantial investments continued to pour into cryptocurrency ventures, indicating a strong institutional interest in the sector.

Republic Technologies, for instance, recently secured $100 million to add Ether to its treasury under highly favorable conditions for the industry. This financing method was structured as a zero-interest convertible note, allowing the company to avoid traditional debt pitfalls.

Kaden Stadelmann, CTO of Komodo, remarked:

“While unique, Republic’s financing method likely won’t become the industry norm, it illustrates a more mature market embracing diverse fundraising strategies.”

Meanwhile, Kraken, a cryptocurrency exchange, managed to raise an impressive $800 million at a valuation of $20 billion, with notable contributions from Citadel Securities.

Republic Technologies’ $100 Million Financing

Republic Technologies has raised $100 million to enhance its Ether holdings using a zero-interest convertible note, which it claims reduces shareholder dilution while building a significant position in this digital asset. This comparison differentiates their approach from other Ether-related companies directly borrowing through varied methods, which could significantly dilute shareholder equity.

Michael Saylor’s Strategy in Action

Business intelligence and Bitcoin investment firm Strategy made headlines by purchasing an additional 8,178 BTC at an average of $102,171 per Bitcoin, totaling $835.6 million — its largest acquisition since July. With nearly 650,000 BTC, they solidify their position as a significant corporate Bitcoin holder, despite recent market pressures on their share price.

Tether Ventures into Commodity Lending

Tether is expanding its reach into the commodity-lending sector, deploying $1.5 billion in loans through cash and its stablecoin. Tether’s CEO, Paolo Ardoino, announced plans to greatly amplify their presence in financing commodities including agricultural products and oil.

Kraken’s IPO Move

Finally, Kraken is advancing its path toward public listing with a confidential S-1 filing submitted to the US SEC for an IPO, just after raising $800 million.

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