Mercurity Fintech Holding Inc. (Nasdaq: MFH) Unveils Plans to Raise $800M Bitcoin Treasury

The fintech company intends to integrate its Bitcoin holdings into a structured digital reserve framework.

Mercurity Fintech Holding Inc (NASDAQ:MFH) has disclosed plans to allocate up to $800 million toward expanding its existing Bitcoin treasury reserve. The fintech company aims to integrate its Bitcoin holdings into a structured digital reserve framework, comprising institutional-grade custody solutions, on-chain staking, and tokenized treasury management.

Its goal is to build resilience into the balance sheet and capitalise on new sources of returns through best-in-class treasury management practices.

“We believe Bitcoin will become an essential asset in the future of finance and that Mercurity is well-positioned to align the company with the emerging digital asset economy,” stated Shi Qiu, CEO of Mercurity Fintech.

“Our goal is to establish the company as a forward-thinking player in blockchain finance. We will leverage our existing expertise in blockchain-driven infrastructure to systematically acquire Bitcoin and deploy it through custodial and staking tools that generate yield and enhance liquidity.”

Earlier this year, FTSE Russell announced preliminary plans to add Mercurity to the Russell 2000 Index by 2025 from the Russell Microcap Index.

Also, part of the company’s growth strategy includes gaining exposure in capital markets. According to the bourse's website on Wednesday, MicroStrategy Inc (Nasdaq:MSTR) is said to have continued increasing its holdings of Bitcoin.

The firm’s latest Form 6K filing with the U.S. Securities and Exchange Commission (SEC) showed that it had purchased an additional 500 bitcoins at an average price of $76,443. The new purchases were made in the period from August 28 to September 15.

Following the latest purchase, MicroStrategy’s aggregate bitcoin holdings have reached 454.231K which is valued at $48,998,367,865.