1 day ago
Mercurity Fintech Holding (MFH) is raising $800 cardinal to found a bitcoin BTC treasury, the institution announced successful a press release.
The New York-based fintech radical said the funds volition enactment a multi-pronged strategy: acquiring bitcoin, storing it successful blockchain-native custodial infrastructure, and integrating it into a strategy that includes tokenized treasury tools and staking services.
That means Mercurity isn’t conscionable betting connected a BTC treasury, but it’s trying to determination into a “yield-generating, blockchain-aligned reserve structure.”
“Bitcoin volition go an indispensable constituent of the aboriginal fiscal infrastructure,” CEO Shi Qiu said successful the release. “We are positioning our institution to beryllium a cardinal subordinate successful the evolving integer fiscal ecosystem."
The institution did not disclose whether the funds would beryllium raised done debt, equity, oregon different financing mechanisms.
The fundraising announcement coincides with quality that Mercurity is slated for inclusion successful the Russell 2000 and Russell 3000 indexes.
MFH operates cryptocurrency mining facilities focusing connected bitcoin and filecoin. It besides develops liquid cooling solutions for AI information centers, and offers fiscal services to institutions and high-net-worth individuals.
The company’s shares went up 1.9% successful yesterday’s trading league but dropped 2.84% successful after-hours trading.
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