Mercurity Fintech Holding Inc. announces $800 million Bitcoin long-term holding strategy
Suehyeon Lee
Summary
- Mercurity Fintech Holding Inc. announced an $800 million long-term Bitcoin holding strategy.
- The company stated that it plans to use the funds to build a system including institutional custody, on-chain staking, and tokenized treasury management.
- This strategy was unveiled together with the news of its inclusion in the candidate list for the 2025 FTSE Russell Index rebalancing.
The Nasdaq-listed digital fintech company Mercurity Fintech Holding Inc. has announced a long-term Bitcoin holding strategy worth $800 million.
According to Wu Blockchain on the 12th (local time), Mercurity Fintech Holding Inc. unveiled an $800 million fundraising plan to establish a long-term Bitcoin holding system incorporating institutional custody, on-chain staking, and tokenized treasury management.
This initiative was disclosed alongside news that the company has been included in the preliminary candidate list for the 2025 FTSE Russell Index rebalancing.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
