Mercurity Fintech Holding (MFH) collects $ 800 million to establish a Bitcoin
Treasury, the company announced in a press release.
The New York-based Fintech Group said the funds will support a multiformed strategy: acquiring Bitcoin, storing it in blockchain-native detention infrastructure and integrating it into a system that includes tokenized state object tools and stacking services.
This means that Mercurity is not only betting on a BTC Treasury, but it tries to move into a “yield-generating, blockchain adjusted reserve structure.”
“Bitcoin will be a significant component of future financial infrastructure,” said CEO Shi Qiu in release. “We place our company to be a key player in the developing digital economic ecosystem.”
The company did not reveal whether the funds would be raised through debt, equity or other financing mechanisms.
The fundraising message coincides with the news that Mercurity is intended for admission to Russell 2000 and Russell 3000 indexes.
MFH Driver Cryptocurrency -mining Facilities focusing on Bitcoin and Filecoin. It also develops liquid cooling solutions for AI data centers and offers financial services to institutions and individuals with high net value.
The company’s shares rose 1.9% in yesterday’s trade session, but fell 2.84% in trade after hours.
