Trading Nvidia earnings report? These are the entry and exit levels to watch for
NEW YORK - Mercurity Fintech Holding Inc. (NASDAQ:MFH), currently valued at $264 million and trading at $4.14, announced Wednesday plans to raise $800 million to establish a Bitcoin treasury reserve, according to a company press release. According to InvestingPro data, the company maintains a strong liquidity position with more cash than debt on its balance sheet.
The digital fintech group intends to use the funds to acquire and manage Bitcoin assets while integrating these holdings into a digital reserve framework through blockchain-native custody, staking integration, and tokenized treasury management services.
"We’re building this Bitcoin treasury reserve based on our belief that Bitcoin will become an essential component of the future financial infrastructure," said Shi Qiu, CEO of Mercurity Fintech.
The company also reported it is expected to be included in the broad-market Russell 3000 and Russell 2000 Index, according to FTSE Russell’s preliminary 2025 annual reconstitution list. This represents an upgrade from its previous classification in the Russell Microcap Index.
The index reclassification could potentially increase the company’s exposure to institutional investors who manage index-linked and actively managed funds.
Mercurity Fintech Holding, which operates subsidiaries including Chaince Securities, LLC, focuses on bridging traditional finance and digital innovation through blockchain infrastructure.
The announcement contains forward-looking statements based on the company’s current expectations about future events. Actual results may differ from anticipated outcomes, and the company is under no obligation to update these forward-looking statements except as required by law.
In other recent news, Mercurity Fintech Holding Inc. announced a strategic partnership with SBI Digital Markets to advance the adoption and global distribution of tokenized real-world assets. This collaboration is designed to connect institutional capital with tokenized assets while ensuring compliance with regulatory standards. Chaince Securities, a subsidiary of Mercurity Fintech, will manage the distribution of SBI Digital Markets’ tokenized asset offerings, adhering to SEC and FINRA regulations. SBI Digital Markets will provide the necessary tokenization technology and infrastructure, supporting Mercurity Fintech’s expansion in the digital asset sector.
Additionally, Classover Holdings Inc. has engaged Chaince Securities as a strategic advisor for a Solana-based treasury strategy. This initiative involves incorporating Solana tokens into Classover’s corporate reserves and exploring blockchain activities such as operating validator nodes. Wilfred Daye, Chief Strategy Officer of Mercurity Fintech, expressed confidence in this partnership, highlighting the readiness of traditional companies for crypto treasury strategies. Stephanie Luo, CEO of Classover, emphasized the company’s commitment to innovation through this blockchain integration.
These developments reflect Mercurity Fintech’s ongoing efforts to enhance its digital asset offerings and market presence, particularly in the U.S. market.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.