Mercurity Fintech Reveals $800M Bitcoin Plan as It Targets Russell 2000 Inclusion

Mercurity Fintech Holding Inc. (MFH), a New York-based fintech company, has unveiled an ambitious plan to raise $800 million to build a Bitcoin treasury. The initiative aims to integrate Bitcoin into a blockchain-native system featuring tokenized treasury tools and staking services, creating a yield-generating reserve structure. The company did not disclose specific details on how it plans to raise the funds, leaving open the possibility of debt, equity, or other financing mechanisms. This announcement aligns with MFH’s anticipated inclusion in the Russell 2000 and Russell 3000 indexes, a move that would enhance its visibility among investors. MFH operates cryptocurrency mining facilities focusing on Bitcoin and Filecoin, develops liquid cooling solutions for AI data centers, and offers financial services to institutions and high-net-worth individuals. The company’s shares experienced a 1.9% increase in the latest trading session but dropped 2.84% in after-hours trading.

Source: Coinpaprika