Mercurity Fintech Holding (MFH) has announced plans to raise $800 million to establish a bitcoin treasury as part of its broader strategy. The New York-based fintech firm will focus on acquiring bitcoin, utilizing blockchain-native custodial infrastructure for storage, and integrating tokenized treasury tools along with staking services. This marks a significant shift for Mercurity, positioning it to create a yield-generating financial structure. CEO Shi Qiu emphasized the importance of bitcoin, stating, “Bitcoin will become an essential component of the future financial infrastructure. We are positioning our company to be a key player in the evolving digital financial ecosystem.” Though the company has not disclosed whether the financing will come through debt, equity, or other means, this announcement ties in with Mercurity's anticipated inclusion in the Russell 2000 and Russell 3000 indexes. The firm operates cryptocurrency mining facilities and provides financial services while developing cooling solutions for AI data centers. Following the news, the company's stock saw a 1.9% increase in regular trading but fell 2.84% in after-hours trading.
Mercurity Fintech Sets $800M Bitcoin Treasury Target, Moves Toward Russell 2000
Mercurity Fintech plans to raise $800 million to build a Bitcoin treasury, aligning with its strategy for Russell 2000 inclusion.
Jamie Bennett
Crypto Analyst
5 min read
8,087
Analysis
Market Sentiment
Bearish
Neutral
Bullish
News Impact
8/10
Credibility: 8/10
Trading Recommendation
BTC
BTC
BUY
Entry Price
$107769.82
Confidence
80%
Stop Loss
$105000
Take Profit
$110000 - $115000
The positive news about Mercurity Fintech's significant investment in Bitcoin suggests bullish sentiment, warranting a buy.
