Republic Technologies discloses an additional purchase of 742.4 ETH, bringing total holdings to 1,570.6 ETH

According to ChainCatcher, market sources report that Canadian listed company Republic Technologies has disclosed an additional purchase of 742.4 ETH, bringing its total holdings to 1,570.6 ETH. The average acquisition price was $2,700, and the current market value of its holdings is approximately $5.27 million.

Republic stated that it will use ETH as an operational asset, and has also withdrawn $10 million from a previous $100 million secured convertible note financing to further increase its ETH holdings.