Mercurity Fintech's $800M Bitcoin Treasury Financing Plan
Mercurity Fintech Holding, a digital fintech group, intends to raise $800 million to establish a long-term Bitcoin (BTC) treasury reserve. This move aims to integrate blockchain-native custody, staking, and tokenized treasury management services. The company plans to acquire approximately 7,433 BTC, positioning itself as a significant player in the digital financial ecosystem. CEO Shi Qiu stated the belief that Bitcoin will become vital in future financial infrastructures. This capital raise would make Mercurity the 11th largest corporate Bitcoin holder after Galaxy Digital, which has 4,710 BTC. With growing institutional interest, at least 223 public companies are now holding Bitcoin as part of their treasuries, reflecting a trend of long-term investment strategies for treasury diversification among corporations. Over 819,000 BTC, or 3.9% of total supply, is currently held in corporate treasuries.
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