Mercurity Fintech Holding (MFH) is elevating $800 million to determine a bitcoin
treasury, the corporate introduced in a press launch.
The New York-based fintech group mentioned the funds will help a multi-pronged technique: buying bitcoin, storing it in blockchain-native custodial infrastructure, and integrating it right into a system that features tokenized treasury instruments and staking providers.
Meaning Mercurity isn’t simply betting on a BTC treasury, but it surely’s making an attempt to maneuver right into a “yield-generating, blockchain-aligned reserve construction.”
“Bitcoin will turn into a vital part of the longer term monetary infrastructure,” CEO Shi Qiu mentioned within the launch. “We’re positioning our firm to be a key participant within the evolving digital monetary ecosystem.”
The corporate didn’t disclose whether or not the funds could be raised by means of debt, fairness, or different financing mechanisms.
The fundraising announcement coincides with information that Mercurity is slated for inclusion within the Russell 2000 and Russell 3000 indexes.
MFH operates cryptocurrency mining services specializing in bitcoin and filecoin. It additionally develops liquid cooling options for AI knowledge facilities, and provides monetary providers to establishments and high-net-worth people.
The corporate’s shares went up 1.9% in yesterday’s buying and selling session however dropped 2.84% in after-hours buying and selling.
