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NEW YORK - Mercurity Fintech Holding Inc. (NASDAQ:MFH), whose stock has surged over 178% in the past year according to InvestingPro data, has signed a $200 million Equity Line of Credit Agreement with Solana Ventures Ltd. to implement a Solana-based digital asset treasury strategy, according to a press release statement issued Monday. The company’s shares, currently trading above InvestingPro’s Fair Value estimate, have shown significant momentum with a 27% gain in the past week alone.
The blockchain-powered fintech group said the agreement will position the company as a long-term institutional participant in the Solana ecosystem, expanding its operations beyond fintech infrastructure.
The company’s Solana strategy includes accumulating Solana-based (SOL) tokens to build a treasury, generating yield through staking and validator nodes, and investing in Solana-based projects focused on real-world assets and tokenized finance products.
"Solana is emerging as a high-performance layer for tokenized assets, real-time payments, and institutional-grade DeFi — combining speed, cost-efficiency, and growing regulatory acceptance," said Wilfred Daye, Chief Strategy Officer of MFH, in the statement.
Mercurity Fintech, which operates through subsidiaries including Chaince Securities, LLC, describes itself as a fintech group offering technology and financial services that bridge traditional finance and digital innovation.
The company did not disclose specific timelines for implementing the strategy or the expected allocation of funds from the credit agreement.
In other recent news, Mercurity Fintech Holding Inc. announced the launch of a $500 million DeFi Basket Treasury aimed at expanding its on-chain strategy and diversifying its treasury holdings. The company plans to focus initially on acquiring Solana and operating validator nodes to generate staking rewards, with plans to diversify into other major cryptocurrencies like Ethereum and Ripple. Additionally, Mercurity Fintech revealed plans to raise $800 million to establish a Bitcoin treasury reserve, highlighting their belief in Bitcoin’s future role in financial infrastructure. The company is also expected to be included in the broad-market Russell 3000 and Russell 2000 Index, an upgrade from its previous classification in the Russell Microcap Index. Furthermore, Mercurity Fintech has formed a strategic partnership with SBI Digital Markets to promote the adoption and global distribution of tokenized real-world assets through compliant investment solutions. This collaboration aims to connect institutional capital with tokenized assets, leveraging the strengths of both companies. In another development, Chaince Securities, a subsidiary of Mercurity Fintech, has been engaged by Classover Holdings for a Solana-based treasury initiative, marking another step in Mercurity’s expansion into institutional services. These recent developments underscore Mercurity Fintech’s ongoing efforts to enhance its digital asset offerings and market presence.
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