Mercurity’s $800M Bitcoin treasury financing plan would make the firm the 11th largest corporate Bitcoin holder after Galaxy Digital.
Mercurity Fintech Holding, a Nasdaq-listed digital fintech group building blockchain-based payment infrastructure, will raise $800 million to establish a Bitcoin treasury reserve, as more corporations are embracing the world’s first cryptocurrency.
The fintech company plans to raise $800 million to establish a “long-term” Bitcoin (BTC) treasury reserve, which will be integrated in its digital reserve framework through blockchain-native custody, staking integrations and tokenized treasury management services.
Mercurity will also transition a portion of its treasury into a “yield-generating, blockchain-aligned reserve structure that reinforces long-duration asset exposure and balance sheet resilience,” the firm shared in a Wednesday announcement.
Read more