Summary
- Siebert Financial, a NASDAQ-listed company, announced a plan to raise $100 million for the purchase of virtual assets.
- Siebert conveyed that the raised funds will be used for the acquisition of virtual assets such as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), as well as for investments in mergers and acquisitions and technology advancement.
- Management emphasized that the capital raise will increase accessibility to the virtual asset and Artificial Intelligence (AI) sectors and provide long-term value growth for shareholders.
Siebert Financial (Siebert Financial), a comprehensive securities firm listed on NASDAQ, announced its intention to purchase virtual assets (cryptocurrencies) and unveiled a funding plan.
According to GlobeNewswire on the 10th (local time), Siebert stated, "The U.S. Securities and Exchange Commission (SEC) has approved the plan to raise $100 million through a securities issuance." It added, "The funds raised will be used to purchase virtual assets such as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), as well as for investments in mergers and acquisitions and technological development."
John J. Gebbia, CEO of Siebert, commented, "This capital raise improves our accessibility to enter the virtual asset and Artificial Intelligence (AI) sectors."
Andrew Reich, CFO of Siebert, said, "With this fundraising plan, we aim to invest in next-generation technologies and achieve long-term value growth for our shareholders."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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