Mercury Fintech Holding (MFH) is raising $ 800 million to establish a bitcoin
Treasury, the company announced in a press release.
The Fintech group, based in New York, said the funds will support a multiple strategy: acquire bitcoin, store it in native custody infrastructure of blockchain and integrate it into a system that includes tokenized treasury tools and rethinking services.
That means that mercury not only bets on a BTC treasure, but is trying to move to a “blockchain generation reserve structure.”
“Bitcoin will become an essential component of the future financial infrastructure,” said CEO Shi Qiu in the statement. “We are positioning our company to be a key player in the evolving digital financial ecosystem.”
The company did not reveal whether the funds would be collected through debt, capital or other financing mechanisms.
The announcement of fundraising coincides with the news that mercury is scheduled for inclusion in Russell 2000 and Russell 3000 indexes.
MFH operates cryptocurrency mining facilities that focus on Bitcoin and Filecoin. It also develops liquid cooling solutions for AI data centers, and offers financial services to high -level institutions and individuals.
The company’s shares increased 1.9% in yesterday’s negotiation session, but fell 2.84% in the negotiation outside time.
