Siebert Financial, a publicly traded company, plans to raise $100 million to facilitate the purchase of BTC, ETH, and SOL

According to a report by Jinse Finance, Nasdaq-listed company Siebert Financial Corp. announced that its shelf registration statement filed with the U.S. Securities and Exchange Commission (SEC) on Form S-3 has been approved and is now effective. The company plans to raise $100 million, which is intended for purchasing digital assets, including Bitcoin, Ethereum, and Solana, as well as for advancing the development of artificial intelligence solutions. Note: A shelf registration statement is primarily used for potential anticipated issuances by listed companies, which may include selling new securities for general corporate purposes to raise funds. Previously, crypto companies like Coinbase have also submitted similar applications to the SEC.