Mercurity Fintech to Build a Blockchain System with $800M Bitcoin Push
2 min read
Mercurity Fintech Holding Inc. (MFH), a financial services and crypto company, has announced its intention to raise $800 million. The funds will be used to build a large Bitcoin (BTC) treasury and create a blockchain-based financial system. This move is part of the company’s broader strategy to become a major player in the fast-growing world of digital finance. No Mercurity To Build A New Kind of Bitcoin Treasury Unlike traditional companies that hold Bitcoin as a passive asset, Mercurity plans to use it actively. The Bitcoin acquired will be integrated into a yield-generating treasury model. This means the flagship crypto will not just sit in storage; instead, it will be used to earn returns through tokenized tools and staking services. In a recent statement, Mercurity’s CEO, Shi Qiu, said that Bitcoin will be a key financial tool in the future. With this in mind, the company wants to be a leader in the world of digital finance by using cryptocurrency, blockchain, and new financial tools. Mercurity is following a new trend in which companies use Bitcoin as more than just a reserve. Today, many businesses, especially in the decentralized finance (DeFi) sector, are finding ways to make money with their crypto holdings instead of letting them sit idle. Companies like Blockstream and MARA Digital are already doing this. They use their Bitcoin reserve for services like lending , staking, and other activities that help them earn extra income. Mercurity’s Bitcoin Funding Strategy Remains a Mystery While the company has revealed how it plans to use the $800 million, it has not disclosed how it intends to raise the capital. The New York-based firm is yet to explain whether the money will come from selling company shares, taking on debt, or using other financing methods. Following the news, Mercurity’s stock price rose 1.9% during regular trading but dropped 2.84% after hours. The dip may reflect investor concerns about the unknowns in the company’s funding plan. Mercurity Focus Beyond Crypto This news comes at a key time for Mercurity. The company is expected to be added to the Russell 2000 and Russell 3000 indexes, which are important stock lists that many big investors follow. If the company is included in these indexes, it could help more people notice Mercurity and make it easier to trade its shares. Besides working with cryptocurrency, Mercurity also makes cooling systems for data centers that run Artificial Intelligence (AI). These systems help save energy, which is vital because AI needs a lot of power. Mercurity also offers services to large companies and wealthy clients. This includes helping them manage digital assets and giving advice about blockchain technology. The post Mercurity Fintech to Build a Blockchain System with $800M Bitcoin Push appeared first on TheCoinrise.com .

Source: The Coin Rise