Mercurity Fintech Holding Plans to Raise $800 Million to Establish a Bitcoin Treasury Reserve

The $800 million capital raise would enable the firm to purchase about 7,433 BTC at current prices.

Nasdaq-listed digital fintech group Mercurity Fintech Holding plans to raise $800 million to create a Bitcoin treasury and expand its blockchain technology integrations as more companies are making bold moves in crypto.

The company will use the funds to purchase BTC and integrate it into its digital reserve framework through blockchain-native custody, staking integrations and tokenized treasury management services, Mercurity said in a Wednesday announcement.

Part of its treasury will be converted into a “yield-generating, blockchain-aligned reserve structure that reinforces long-duration asset exposure and balance sheet resilience,” the company explained.

Through the establishment of its corporate Bitcoin treasury, Mercurity aims to position itself to become a “key player in the evolving digital financial ecosystem,” said Shi Qiu, CEO of Mercurity Fintech.

“We are excited to leverage our expertise in fintech and blockchain to develop innovative solutions that will empower businesses and consumers alike,” Qiu added.

The $800 million capital raise would enable the firm to purchase about 7,433 BTC at current prices.

This would make Mercurity the 11th largest corporate Bitcoin in the world, putting it ahead of GameStop, which holds 4,710 BTC, according to Bitbo data.

At least 223 public companies now hold Bitcoin in their corporate treasuries, up from 124 on June 5, according to a recent report by Cointelegraph.

Over 819,000 BTC, representing 3.9% of the total supply, is now held in public company treasuries, according to data from BitcoinTreasuries.NET.

A long-term investment perspective is driving the wave of corporate Bitcoin adoption, a Binance Research spokesperson told Cointelegraph.

“Institutions are investing in cryptocurrencies as part of a broader strategy to diversify their portfolios and generate returns in the long term,” the spokesperson explained.

Besides Bitcoin, altcoins are also benefiting from growing institutional interest.

Interactive Strength, a Nasdaq-listed fitness equipment manufacturer, announced plans this week to raise up to $500 million to create a Fetch.ai (FET) token treasury.