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mF International Limited (MFI) completed a $500 million private placement through the issuance of 50 million Class A ordinary shares and pre-funded warrants at $10.00 per share or warrant, according to a company statement.
The Hong Kong-based company plans to use the net proceeds primarily for its digital asset treasury strategy, including acquiring Bitcoin Cash and other cryptocurrencies, with remaining funds allocated to general corporate purposes.
"The successful closing of this $500.0 million Private Placement marks a pivotal milestone in our strategic evolution," said Chief Executive Officer Dawei Yuan. "This capital enhances our financial flexibility to execute a disciplined, cycle-adaptive digital asset treasury strategy focused on optimizing returns, managing risk, and creating long-term value for our shareholders."
mF International operates as a British Virgin Islands holding company with three operating subsidiaries in Hong Kong. Its principal Hong Kong subsidiary, m-FINANCE, provides financial trading solutions through internet platforms as software-as-a-service.
The private placement was previously announced on November 21, 2025. The company stated the capital will position it to capitalize on institutional adoption of digital assets through strategic balance sheet diversification.