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Mercurity Fintech Holding Inc. (MFH) completed a private placement financing that raised approximately $6 million in gross proceeds from institutional investors. The company sold ordinary shares through securities purchase agreements before deducting offering expenses.
The digital fintech group stated it will use the net proceeds to advance its Digital Asset Treasury strategy. The financing aims to strengthen the company’s balance sheet and provide financial flexibility for growth opportunities in digital assets.
"We are pleased to have successfully completed this private placement with strong institutional investors who recognize the value proposition of our company," said Shi Qiu, CEO of MFH. "This funding provides the capital we need to continue executing our Digital Asset Treasury initiatives and driving long-term value for our shareholders."
The securities were sold under Regulation S of the Securities Act of 1933 and have not been registered with the Securities and Exchange Commission. The shares cannot be offered or sold in the United States without SEC registration or an applicable exemption.
Mercurity Fintech operates as a blockchain-powered fintech group offering technology and financial services. Through subsidiaries including Chaince Securities, LLC, the company provides digital asset management, financial advisory, and capital markets solutions.