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NEW YORK - Mercurity Fintech Holding Inc. (NASDAQ:MFH), whose stock has surged over 27% in the past week according to InvestingPro data, announced Monday it has entered into securities purchase agreements with institutional investors for a registered direct offering expected to raise approximately $43.7 million. The company’s shares, currently trading above their InvestingPro Fair Value estimate, have shown significant volatility with a beta of 8.29.
The blockchain financial infrastructure company, which maintains a healthy current ratio of 2.59 and holds more cash than debt on its balance sheet, will issue 12,485,715 ordinary shares and an equal number of warrants at an effective price of $3.50 per share. The five-year warrants will have an exercise price of $3.50 per share. (InvestingPro subscribers have access to 12 additional key financial metrics and insights about MFH’s valuation.)
Participants in the financing include LTP, Syntax Capital, OGBC Group, and Blockstone Capital, firms primarily operating in the digital assets and blockchain sector. D. Boral Capital LLC is acting as the sole placement agent for the offering.
The company stated in a press release that proceeds will support its crypto treasury strategy, including ecosystem staking and tokenized yield instruments, as well as working capital and general corporate purposes.
The offering is expected to close on or about July 22, 2025, subject to customary closing conditions.
The securities are being offered through a shelf registration statement previously filed with and declared effective by the U.S. Securities and Exchange Commission.
Mercurity Fintech Holding operates in the blockchain infrastructure sector, offering technology and financial services through subsidiaries including Chaince Securities, LLC.
In other recent news, Mercurity Fintech Holding Inc. has announced a $200 million credit agreement with Solana Ventures to implement a digital asset treasury strategy focused on Solana-based projects. Additionally, the company launched a $500 million DeFi Basket Treasury to diversify its holdings, with a primary focus on acquiring Solana tokens and expanding into other major cryptocurrencies such as Ethereum and Ripple. In another significant development, Mercurity Fintech plans to raise $800 million for a Bitcoin treasury reserve, aiming to integrate these assets into a comprehensive digital reserve framework. The company is also set to be included in the Russell 3000 and Russell 2000 Index, which could increase its exposure to institutional investors. Furthermore, Mercurity Fintech has formed a strategic partnership with SBI Digital Markets to promote the adoption of tokenized real-world assets. This collaboration will leverage both companies’ strengths to connect institutional capital with tokenized assets, ensuring regulatory compliance. The partnership aims to enhance Mercurity Fintech’s digital asset offerings and market presence, particularly in the U.S., utilizing SBI’s tokenization technology. These developments reflect Mercurity Fintech’s ongoing efforts to expand its digital asset strategy and strengthen its position in the market.
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