Summary
- Mercurity Fintech announced a plan to raise $800 million in funds for strategic Bitcoin reserves.
- The company stated that it would integrate its Bitcoin holdings into a digital reserve framework using blockchain-based custody, staking, and tokenization services.
- They stressed their aim to strengthen the resilience of the company’s financial structure and become a core player in the digital finance ecosystem through Bitcoin accumulation.
NASDAQ-listed fintech company Mercurity Fintech (Mercurity Fintech, ticker MFH) announced a plan to raise $800 million for strategic Bitcoin (BTC) reserves.
On the 11th (local time), Mercurity Fintech stated on its official website, “We plan to raise $800 million to build up our Bitcoin reserves,” adding that “our Bitcoin holdings will be incorporated into our digital reserve framework through blockchain-based custody, staking, and tokenized management services.” The company further explained, “Through this, we aim to partially convert our financial structure to blockchain-based assets to enhance the resilience of our balance sheet.”
Bobby Lee, CEO of Mercurity Fintech, said, “We believe that Bitcoin will become an essential component of the future financial infrastructure,” and added, “Building up Bitcoin reserves is part of the company’s strategy to become a key player in the digital finance ecosystem.”
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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