AirNet Reimagines Itself as Crypto-Backed Hybrid
AirNet Technology (Nasdaq: ANTE) has secured a substantial $90 million investment in digital assets, including 819.07 Bitcoin and 19,928.91 Ethereum, through a registered direct offering of 80,826,225 ordinary shares and accompanying warrants. This transaction marks a strategic shift for the company as it transitions to a full-fledged participant in the digital asset ecosystem. CEO Dan Shao emphasized that the move aligns with the company’s long-term vision, leveraging the substantial capital for investment and operational purposes [1].
The structure of the offering is notable for its unique characteristics. Instead of receiving proceeds in traditional fiat currency, AirNet accepted entirely digital assets, which fundamentally alters its…
