Mercurity Fintech Holding, a New York-based digital fintech company, has unveiled plans to raise a significant sum of $800 million. The funds are targeted towards the establishment of a Bitcoin treasury reserve, marking a major shift in the firm’s treasury operations towards a blockchain-centered model.
Mercurity Fintech’s proposition involves using the raised capital to buy and hold Bitcoin, integrating the digital asset into its treasury operations. This approach will be complemented by the use of institutional-grade blockchain custody solutions. Staking services and tokenized treasury tools will also be incorporated to enhance yield and capital efficiency.
This bold move signifies a departure from traditional treasury models, pivoting towards a blockchain-based reserve structure. The aim is to increase long-term asset exposure and strengthen financial resilience. Concurrently, Mercurity Fintech is expected to transition from the Russell Microcap Index to the Russell 2000 and 3000 indexes, potentially boosting its visibility amongst institutional investors.
Shi Qiu, CEO of Mercurity Fintech, expressed his company’s commitment to this innovative approach, stating, “Our decision to build a Bitcoin treasury reserve is rooted in our conviction that Bitcoin will play a pivotal role in the future of financial infrastructure. We are strategically positioning our company to be a significant participant in the digital financial ecosystem.”
Mercurity Fintech joins a growing list of public entities integrating digital assets into their treasury operations. Recent entrants include GameStop, Paris Saint-Germain F.C., Nakamoto, and Trump Media & Technology Group, following a model first implemented by Strategy and Michael Saylor. Ethereum is also gaining popularity, with SharpLink recently launching a $425 million ETH strategy, advised by Consensys’ Joseph Lubin.
