Mercurity Fintech Holding Raising $800 Million for Bitcoin Treasury
Mercurity Fintech Holding (MFH) aims to raise $800 million to create a bitcoin treasury. Key points include:
- Funds will be used for acquiring bitcoin and integrating it into blockchain-native custodial infrastructure.
- The strategy includes tokenized treasury tools and staking services, focusing on yield generation.
- CEO Shi Qiu emphasized bitcoin's role in future financial infrastructure.
- The company has not specified whether the funding will come from debt, equity, or other sources.
- This announcement coincides with MFH's preliminary inclusion in the Russell 2000 and Russell 3000 indexes.
- MFH operates cryptocurrency mining facilities and provides financial services to institutions and high-net-worth individuals.
- Shares increased by 1.9% during trading but fell by 2.84% in after-hours.