Listed firm Siebert Financial plans to raise $100 million to boost BTC, ETH and SOL purchases

Nasdaq-listed Siebert Financial Corp. announced that its Form S-3 shelf registration statement filed with the Securities Exchange Commission has been approved to take effect, and it will continue to raise $100 million, which is intended to be used to purchase digital assets, including Bitcoin, Ethereum and Solana, and to promote the construction of artificial intelligence solutions.
Note: The holdover statement is mainly used for potential prospective offerings of listed companies, which may include the sale of new securities for general corporate purposes with proceeds raised, following similar filings with the SEC by crypto companies such as Coinbase.