Mercurity Fintech Holding Inc. plans to raise $800 million for a Bitcoin treasury reserve as part of its strategy to adopt digital assets. This initiative aims to establish Mercurity as a significant player in the blockchain-based financial ecosystem. CEO Shi Qiu emphasized the belief in Bitcoin's importance for future financial infrastructure. The funds will enable the acquisition of about 7,433 BTC, positioning Mercurity among the largest corporate Bitcoin holders. This announcement aligns with the company's inclusion in significant stock indexes, boosting its visibility to institutional investors.
"We're building this Bitcoin treasury reserve based on our belief that Bitcoin will become an essential component of the future financial infrastructure," said Shi Qiu, CEO of Mercurity.
"Moving from the Russell Microcap to the Russell 2000 shows that investors recognize the value we are creating in blockchain finance," Qiu added.
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