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NEW YORK - Mercurity Fintech Holding Inc. (NASDAQ:MFH), which has seen its stock surge nearly 400% over the past year according to InvestingPro data, announced Tuesday that options on its ordinary shares have been approved for trading across multiple U.S. options exchanges.
The options will trade under the ticker symbol MFH and will feature standard expiration dates and strike prices, according to a company press release.
This development allows investors to implement various strategies for risk management, position hedging, and participation in the company’s performance.
"Commencing options trading on our ordinary shares represents a landmark for Mercurity Fintech," said Shi Qiu, Chief Executive Officer of Mercurity Fintech Holding Inc.
The options trading approval comes as Mercurity Fintech, a blockchain-powered fintech group, continues its expansion following its inclusion in the Russell 2000 Index. With a remarkable revenue growth of 126% in the last twelve months and a healthy current ratio of 2.59, the company appears positioned for growth, though InvestingPro analysis suggests the stock may be trading above its Fair Value. This index membership has resulted in investment flows from institutional asset managers and inclusion in various index funds and ETFs managed by major financial institutions including BlackRock, State Street, and Vanguard. For deeper insights into MFH’s valuation and 13 additional ProTips, visit InvestingPro.
Mercurity Fintech Holding operates through subsidiaries including Chaince Securities, LLC, offering services in digital assets, financial advisory, and capital markets solutions.
In other recent news, Mercurity Fintech Holding Inc. reported a successful private placement financing, raising approximately $6 million in gross proceeds from institutional investors. This transaction was conducted under Regulation S of the Securities Act of 1933, and the securities involved have not been registered under the Act. Additionally, Mercurity Fintech has seen an increase in its institutional investor base following its inclusion in the Russell 2000 index, with major asset managers, global banks, and ETF sponsors increasing their positions in the company. In a strategic move, Mercurity Fintech’s subsidiary, Chaince Securities, entered into a non-binding Memorandum of Understanding with Singapore-based OGBC Group. This 90-day agreement focuses on digital asset integration with traditional finance and involves advising on the creation of a Digital Asset Treasury fund targeting blockchain projects in Asia. Furthermore, Peter Nobel, a prominent figure from the Nobel family and Chairman of the Nobel Sustainability Trust Foundation, has joined Mercurity Fintech’s Board of Directors as an Independent Director. His experience in sustainability and industrial innovation is expected to align with the company’s vision of combining financial innovation with sustainability standards.
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