Curated News
By: NewsRamp Editorial Staff
August 28, 2025
AirNet Raises $180M in Landmark Bitcoin and Ethereum Financing Deal
TLDR
- AirNet Technology raised $180 million in digital assets, positioning it as a major player in the crypto ecosystem with significant Bitcoin and Ethereum holdings.
- AirNet completed a registered direct offering by issuing 80.8 million shares and warrants, receiving payment entirely in 819 Bitcoin and 19,929 Ethereum.
- This digital asset financing supports AirNet's transformation, potentially advancing blockchain adoption and creating new opportunities in the evolving financial landscape.
- AirNet accepted Bitcoin and Ethereum as payment for a $180 million stock offering, a rare move in corporate finance using cryptocurrency.
Impact - Why it Matters
This development matters because it represents a significant convergence of traditional corporate finance with the cryptocurrency ecosystem, potentially setting a precedent for other publicly traded companies. For investors and market observers, it demonstrates how established companies are adapting to the digital asset revolution, potentially creating new investment opportunities and diversification strategies. The move could influence how companies manage treasury assets and approach capital raising, while also validating cryptocurrency as a legitimate medium for large-scale corporate transactions. This signals broader acceptance of digital assets in mainstream finance and may encourage other companies to explore similar innovative financing approaches.
Summary
AirNet Technology Inc. (Nasdaq: ANTE) has successfully completed a groundbreaking $180 million registered direct offering, marking a significant milestone in the company's strategic transformation. The financing, which involved the sale of 80,826,225 ordinary shares and accompanying warrants to certain investors, was executed entirely through digital assets—approximately 819.07 Bitcoin and 19,928.91 Ethereum—before deducting offering expenses. This innovative approach to corporate financing represents one of the largest cryptocurrency-based capital raises by a publicly traded company, positioning AirNet as a pioneer in bridging traditional finance with the digital asset ecosystem.
Under the leadership of CEO Dan Shao, AirNet is leveraging this substantial capital infusion to accelerate its evolution into a dedicated digital asset participant. The company has assembled a team of seasoned cryptocurrency professionals to develop and implement a sophisticated, multi-faceted strategy aimed at maximizing shareholder value across the entire digital asset landscape. Shao emphasized that receiving the full proceeds in Bitcoin and Ethereum directly aligns the company's treasury with its future direction, providing unprecedented flexibility and positioning AirNet as an active, intelligent player in the rapidly evolving cryptocurrency market. This strategic move, as reported by citybiz, represents a bold departure from conventional financing methods and signals AirNet's commitment to embracing digital innovation.
Source Statement
This curated news summary relied on content disributed by citybiz. Read the original source here, AirNet Raises $180M in Landmark Bitcoin and Ethereum Financing Deal
