Siebert Financial Corp received U.S. SEC approval for a shelf registration enabling it to raise 100 million USD. The funds will be primarily allocated to investing in AI technologies and acquiring crypto assets like Bitcoin, Ethereum, and Solana.
The CEO, John Gebbia, emphasized the importance of this capital in advancing their technology strategy. Meanwhile, Wall Street Zen has upgraded Siebert’s stock rating to ‘strong buy’, indicating strong investor confidence in the company’s growth prospects.
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