Siebert Financial Corp., a well-known financial services company, is set to raise a massive $100 million to fund its crypto investments. On Monday, the company revealed that the U.S. Securities and Exchange Commission (SEC) has approved its S-3 shelf registration. This approval allows the Nasdaq-listed firm to invest the money raised in cryptocurrencies, artificial intelligence (AI), and possible new business acquisitions. This decision comes as many public companies increasingly invest in digital assets and Artificial Intelligence (AI) technology. Siebert Financial To Invest in Digital Assets and Technology Siebert clarified that this fundraising effort is part of a bigger plan. The firm wants to expand its technology capabilities and strengthen its position in digital finance. John Gebbia, Siebert’s CEO, called the shelf registration a foundational step for growing the company’s technology strategy. Siebert plans to invest some of the funds in major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). These digital assets have become more popular among companies looking to diversify their holdings and tap into the potential of blockchain technology . The company will also explore using AI-powered services to improve its operations and client service. Siebert’s Move Signals Strategy for Long-Term Growth Siebert’s leaders see this capital raise as essential to their long-term growth plan. For context, a shelf registration, like the S-3 type, is designed to allow a company to sell stocks or bonds over time when market conditions are favorable. With approval from the SEC, Siebert can move quickly when new opportunities arise. This will enable the Nasdaq-listed firm to explore fast-growing innovative sectors, including AI and blockchain technology. In addition, the approval also gives Siebert the advantage of not having to raise the full $100 million at once. The firm can offer smaller amounts based on its needs and market trends. Using an S-3 shelf registration, Siebert focuses on growth and innovation as it moves into new areas like crypto and AI. Siebert Follows a Bigger Trend in Corporate Crypto Adoption Siebert’s move is not insolation. Many other companies are increasing their investments in cryptocurrencies. Strategy, led by popular Bitcoin advocate Michael Saylor, remains the largest public holder of Bitcoin. On the same day as Siebert’s announcement, Strategy disclosed it had bought another 1,045 BTC for about $110.2 million. This brings its total Bitcoin holdings to an impressive 582,000 BTC. Other firms are also making moves. Trump Media, GameStop, and research firm K33 have all revealed plans to increase their Bitcoin holdings. Meanwhile, Japan’s Metaplanet recently launched a $5.4 billion equity offering to buy even more Bitcoin. The post Siebert Financial to Raise $100M to Fuel Crypto and AI Growth Plan appeared first on TheCoinrise.com .
