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Investing.com -- mF International Limited (NASDAQ:MFI) shares climbed 3.6% in after-hours trading Monday following the company’s announcement that it has successfully closed its previously announced $500 million private placement.
The digital asset company raised the funds through the issuance of 50 million Class A ordinary shares and pre-funded warrants at a purchase price of $10.00 per share or warrant. According to the company, the net proceeds will primarily be used to advance its digital asset treasury strategy, including the acquisition of Bitcoin Cash (BCH) and other select 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 Dawei Yuan, Chief Executive Officer of mF International. "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."
The private placement, which was initially announced on November 21, 2025, appears to be part of the company’s broader strategy to diversify its balance sheet with digital assets. The positive market reaction suggests investors are supportive of the company’s plans to expand its cryptocurrency holdings.
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