The New York-based fintech group said the funds will support a multi-pronged strategy: acquiring bitcoin, storing it in blockchain-native custodial infrastructure
Mercurity Fintech Holding (MFH) announced plans to raise $800 million to build a bitcoin treasury and related financial services. The New York-based fintech group aims to use the funds to buy bitcoin, store it in blockchain-native custodial infrastructure, and integrate it into a system that includes tokenized treasury tools and staking services.
This multi-pronged strategy marks a departure from the traditional treasury structures often seen in the markets today, according to the company. Instead, Mercurity is trying to move into a "yield-generating, blockchain-aligned reserve structure."
The company did not specify how the funds would be raised, leaving open the possibilities of debt, equity, or other financing mechanisms.
The fundraising announcement comes as Mercurity is set to be included in the Russell 2000 and Russell 3000 indexes.
MFH is known for its cryptocurrency mining facilities, concentrating on bitcoin and filecoin. It also develops liquid cooling solutions for AI data centers, and provides financial services to institutions and high-net-worth individuals.
Its shares rose 1.9% in the last session but slid 2.84% in the after-hours session.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
