Mercurity Fintech Holding (MFH) announced plans to raise $800 million to establish a bitcoin treasury, according to a recent press release.
The New York-based fintech firm intends to use the funds to acquire bitcoin, store it with blockchain-native custodians, and integrate it into a system featuring tokenized treasury tools and staking services. This approach aims to create a yield-generating, blockchain-aligned reserve structure rather than simply holding bitcoin.
CEO Shi Qiu emphasized the strategic vision, stating, “Bitcoin will become an essential component of the future financial infrastructure. We are positioning our company to be a key player in the evolving digital financial ecosystem.” The company has not specified the fundraising method, whether through debt, equity, or other mechanisms.
The announcement coincides with news that Mercurity is set for inclusion in the Russell 2000 and Russell 3000 indexes.
Mercurity Fintech operates cryptocurrency mining facilities focused on bitcoin and filecoin, develops liquid cooling solutions for AI data centers, and provides financial services to institutions and high-net-worth individuals.
Following the announcement, Mercurity’s shares rose 1.9% during regular trading but declined 2.84% in after-hours trading.