Siebert Financial Corp., listed on Nasdaq, announced plans to raise up to US$100 million to invest in cryptocurrency, AI, and other strategic areas.

The company disclosed on June 10, that the US Securities and Exchange Commission has made its S-3 shelf registration statement effective.

The funds will be used to acquire crypto assets like bitcoin, ethereum, and solana.

Siebert also plans to develop AI technologies and explore potential acquisitions.

CEO John Gebbia said this initiative will provide the resources needed to grow in areas shaping the future of financial services.

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🔗 Source: The Block

🧠 Food for thought

1️⃣ Corporate crypto treasury trend signals institutional confidence despite market volatility

Siebert Financial joins a growing movement of public companies incorporating crypto assets into their treasury strategies, following other recent entrants like K33, Trump Media, and GameStop.

This institutional adoption is dominated by Bitcoin, which has established itself as “digital gold” with a fixed supply cap of 21 million coins and a market capitalization exceeding $1 trillion 1.

The scale of these corporate investments is substantial. Strategy (led by Michael Saylor) has accumulated 582,000 BTC.

This trend represents a significant shift in corporate treasury management, as companies increasingly view select cryptocurrencies as potential inflation hedges and strategic assets rather than merely speculative investments.

The diversification into multiple assets (Bitcoin, Ethereum, and Solana) in Siebert’s announcement reflects the maturing cryptocurrency ecosystem, where distinct blockchains serve different market functions, from store of value to smart contract platforms.

2️⃣ Evolving SEC approach enables traditional financial institutions’ crypto participation

Siebert’s successful S-3 registration comes amid a significant shift in the SEC’s regulatory approach to digital assets, moving from strict enforcement to more supportive guidance 2.

Recent SEC communications have clarified token classifications under securities laws, reducing regulatory uncertainty for companies looking to incorporate digital assets into their business models 3.

The agency has specifically paved the way for broker-dealers to engage with crypto assets, allowing them to carry both securities and non-securities crypto assets for customer accounts – a critical development for firms like Siebert 4.

This regulatory clarity enables established financial institutions to bridge traditional markets with emerging digital asset ecosystems, potentially accelerating mainstream adoption through familiar, regulated channels.

Siebert’s move illustrates how the 89-year-old financial services firm (founded in 1934) is positioning itself at the intersection of traditional finance and emerging technologies, leveraging improved regulatory conditions 5.

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