US-listed Mercurity secures $200 million for Solana reserve

Son Min

Summary

Mercurity Fintech Holding Inc. reportedly secured $200 million to accumulate Solana (SOL).
The funds raised are planned to be used for Solana reserves and staking, validator node operations to generate long-term profit.
Mercurity also stated it will invest in Solana-based projects.

NASDAQ-listed fintech company Mercurity Fintech Holding Inc. has reportedly secured $200 million to accumulate Solana (SOL).

According to GlobeNewswire on the 21st (local time), Mercurity announced in a press release that it “plans to initiate a strategic Solana reserve” and “has signed a $200 million equity line agreement with Solana Ventures for this purpose.” The company added, “The reserved Solana will be utilized for staking, validator nodes, etc., to generate long-term profits,” and “Investments will also be made in Solana-based projects.”

Wilfred Day, Chief Strategy Officer of Mercurity, described Solana as “a high-performance blockchain for real-world assets (RWA), real-time settlements, and more.”

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