Mercurity Fintech Plans to Raise $800 Million for Bitcoin Treasury
Mercurity Fintech Holding Inc. (MFH) plans to raise $800 million to establish a Bitcoin treasury. The initiative will incorporate Bitcoin into a blockchain-native system with:
- Tokenized treasury tools
- Staking services
- Yield-generating reserve structure
The funding strategy remains unspecified, with options including debt or equity financing. This move coincides with MFH's potential inclusion in the Russell 2000 and Russell 3000 indexes, enhancing investor visibility. MFH operates cryptocurrency mining facilities focused on Bitcoin and Filecoin and provides financial services to institutions and high-net-worth individuals. In recent trading, MFH shares rose by 1.9% but fell by 2.84% in after-hours trading.