Mercurity Fintech Holding Inc. has introduced an $800 million financing plan to ascertain a long-term Bitcoin treasury reserve.
The initiative marks a strategic shift for the blockchain-powered fintech group, which now goals to construct a digital asset treasury supported by blockchain-native custody, staking, and tokenized administration companies.
In keeping with MFH, the reserve will probably be managed utilizing institutional-grade custodial infrastructure and staking-enabled liquidity instruments.
The corporate plans to generate yield from its Bitcoin (BTC) holdings whereas enhancing stability sheet resilience and deepening alignment with decentralized finance protocols.
CEO Shi Qiu stated the initiative displays a perception in Bitcoin’s future position in monetary infrastructure. “We are positioning our company to be a key player in the evolving digital financial ecosystem,” Qiu said.
Index inclusion
Alongside the treasury plan, MFH can be set for inclusion within the Russell 3000® and Russell 2000® Indexes, pending remaining reconstitution later this month.
The anticipated improve from the Russell Microcap Index may enhance visibility amongst institutional buyers and index-linked funds.
MFH’s transfer aligns with a rising development amongst public corporations utilizing Bitcoin as a strategic asset.
Curiosity from firms in digital belongings is growing, with increasingly public corporations allocating Bitcoin to their stability sheets, in response to a current report from Binance.
Earlier this month, Norwegian digital asset brokerage K33 introduced a crypto technique plan. Earlier in the present day, Interactive Energy Inc. introduced a brand new $500 million crypto asset technique centered on buying Fetch.ai’s FET tokens.
