Mercurity Fintech's $800M Bitcoin treasury financing plan
Mercurity Fintech Holding plans to raise $800 million to create a Bitcoin treasury reserve, aiming to integrate it into a digital reserve framework with blockchain custody and tokenized management services. The company intends to transition part of its treasury into a yield-generating structure to enhance asset exposure and balance sheet resilience. This initiative positions Mercurity as a significant player in the digital financial ecosystem, with CEO Shi Qiu emphasizing Bitcoin's future importance in financial infrastructure. The capital raise could allow the purchase of approximately 7,433 BTC, making Mercurity the 11th largest corporate Bitcoin holder. Currently, 223 public companies hold Bitcoin, totaling over 819,000 BTC, driven by long-term investment strategies and treasury diversification. Additionally, Interactive Strength plans to raise up to $500 million for a Fetch.ai token treasury, reflecting growing institutional interest in altcoins.
