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

Mercurity plans to raise $800 million to establish a “long-term” Bitcoin (BTC) treasury reserve, which will be integrated in its digital reserve framework

Nasdaq-listed digital fintech group Mercurity Fintech Holding plans to raise $800 million to create a Bitcoin (BTC) treasury as more companies are making moves to adopt the cryptocurrency.

The company will use a portion of its treasury to build a “long-term” Bitcoin treasury which will be integrated in its digital reserve framework through blockchain-native custody, staking integrations and tokenized treasury management services, it said in an announcement on Wednesday.

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

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

This would make Mercurity the world’s 11th largest corporate Bitcoin holder after Galaxy Digital Holdings and put it ahead of GameStop, which holds 4,710 BTC, according to Bitbo data.

At least 223 public companies are now holding Bitcoin as part of their corporate treasuries, up from just 124 firms on June 5, according to data from BitcoinTreasuries.NET.

The move signals growing institutional interest in the flagship cryptocurrency.

At present, 819,000 BTC — 3.9% of the total supply — is held in public company treasuries.

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