Nasdaq-listed Siebert Financial plans to raise up to $100 million for crypto and AI investments

Siebert Financial Corp., a Nasdaq-listed financial services firm, announced Monday that the U.S. Securities and Exchange Commission has declared its S-3 shelf registration statement effective, paving the way for it to raise up to $100 million to invest in crypto assets, AI, and other potential acquisitions.

In a statement released Monday, Siebert said it intends to use the proceeds to "pursue strategic initiatives," including the purchase of crypto assets such as Bitcoin, Ethereum, and Solana. The company also plans to invest in technology, including AI-powered services.

"Our shelf registration is a foundational step toward scaling our technology strategy," John Gebbia, CEO of Siebert, said in the statement. "We're creating the additional capital access needed to move decisively in key areas like AI, digital assets, and innovation that will define the future of financial services."

The company said the S-3 registration marks an initial step toward raising up to $100 million through the sale of various securities.

Siebert is the latest to join a growing list of companies aiming to accumulate crypto assets. Strategy, led by Michael Saylor, remains the largest public corporate holder of Bitcoin. On Monday, Strategy said that it has purchased another 1,045 BTC for roughly $110.2 million, bringing its total holdings to 582,000 BTC.

In recent weeks, K33 , Trump Media , and GameStop have unveiled plans to build or increase their Bitcoin treasuries. Meanwhile, Japan's Metaplanet last week announced a $5.4 billion equity offering to finance additional Bitcoin purchases.