Mercurity Fintech Holding (MFH) collects $ 800 million to establish a bitcoin
Treasury, the company announced in a press release.
The fintech group based in New York said that the funds will support a several -part strategy: acquire bitcoin, store it in a kept native blockchain infrastructure and integrate it into a system that includes tokenized cash tools and ignition services.
This means that Merity is not only betting on a BTC treasure, but he tries to move in a “reserve structure generating blockchain”.
“Bitcoin will become an essential element of the future financial infrastructure,” said CEO Shi Qiu in the press release. “We position our company to be a key player in the evolving digital financial ecosystem.”
The company has not revealed whether the funds would be raised by debts, equity or other financing mechanisms.
The announcement of fundraising coincides with the news that Mercurity should be included in the Russell 2000 and Russell 3000 indices.
MFH uses cryptocurrency extraction installations focused on bitcoin and lid. It also develops liquid cooling solutions for AI data centers and offers financial services to institutions and individuals.
The company’s shares increased 1.9% during yesterday’s negotiation session, but fell 2.84% in trade after opening hours.
