Categories: Bitcoin Latest News

Mercurity Fintech Plans $800M Bitcoin Treasury, Eyes Russell 2000 Inclusion

Mercurity Fintech Holding (MFH) is raising $800 million to establish a bitcoin BTC treasury, the company announced in a press release.

The New York-based fintech group said the funds will support a multi-pronged strategy: acquiring bitcoin, storing it in blockchain-native custodial infrastructure, and integrating it into a system that includes tokenized treasury tools and staking services.

That means Mercurity isn’t just betting on a BTC treasury, but it’s trying to move into a “yield-generating, blockchain-aligned reserve structure.”

“Bitcoin will become an essential component of the future financial infrastructure,” CEO Shi Qiu said in the release. “We are positioning our company to be a key player in the evolving digital financial ecosystem.”

The company did not disclose whether the funds would be raised through debt, equity, or other financing mechanisms.

The fundraising announcement coincides with news that Mercurity is slated for inclusion in the Russell 2000 and Russell 3000 indexes.

MFH operates cryptocurrency mining facilities focusing on bitcoin and filecoin. It also develops liquid cooling solutions for AI data centers, and offers financial services to institutions and high-net-worth individuals.

The company’s shares went up 1.9% in yesterday’s trading session but dropped 2.84% in after-hours trading.

Read MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]

AddThis Website Tools

Recent Posts

Litecoin Sharp Pullback: Scalping Opportunities Emerge While LTCBTC Seeks Stability

In a recent post on X, CRYPTOWZRD pointed out that Litecoin ended the day on…

2 hours ago

Bitcoin Whale Exchange Transfers Spike As Capital Rotation Begins — Latest Altseason Signal?

Over the past week, the Bitcoin (BTC) market recorded a new all-time high at $123,091…

6 hours ago

Analyst Predicts Bitcoin Price Crash: Rejection From $120K Puts Altcoins At Risk

Bitcoin’s price action has turned somewhat sluggish after its unprecedented climb to a new all-time…

11 hours ago

Why Bitcoin Price Failed To Break $123,000 In The Past Week — Analyst Explains

The crypto market was a story of two distinct halves, one of which saw the…

12 hours ago

Will Bitcoin Impede Or Support Altcoin Rally? On-Chain Data Signals Market Uncertainty

According to an on-chain analyst on X, Bitcoin has decoupled from other cryptocurrencies or altcoins,…

15 hours ago

Bitcoin Miner Sales Surge To Highest Level Since April – Details

Bitcoin is currently holding above the $115,000 level after setting a new all-time high of…

17 hours ago