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The company, which operates cryptocurrency mining facilities and offers financial services, did not disclose how ti plans on raising the funds.
Jun 12, 2025, 8:18 a.m.
Mercurity Fintech Holding (MFH) is raising $800 million to establish a bitcoin
treasury, the company announced in a press release.
The New York-based fintech group said the funds will support a multi-pronged strategy: acquiring bitcoin, storing it in blockchain-native custodial infrastructure, and integrating it into a system that includes tokenized treasury tools and staking services.
That means Mercurity isn’t just betting on a BTC treasury, but it’s trying to move into a “yield-generating, blockchain-aligned reserve structure.”
“Bitcoin will become an essential component of the future financial infrastructure,” CEO Shi Qiu said in the release. “We are positioning our company to be a key player in the evolving digital financial ecosystem."
The company did not disclose whether the funds would be raised through debt, equity, or other financing mechanisms.
The fundraising announcement coincides with news that Mercurity is slated for inclusion in the Russell 2000 and Russell 3000 indexes.
MFH operates cryptocurrency mining facilities focusing on bitcoin and filecoin. It also develops liquid cooling solutions for AI data centers, and offers financial services to institutions and high-net-worth individuals.
The company’s shares went up 1.9% in yesterday’s trading session but dropped 2.84% in after-hours trading.
Francisco Rodrigues
Francisco is a reporter for CoinDesk with a passion for cryptocurrencies and personal finance. Before joining CoinDesk he worked at major financial and crypto publications. He owns bitcoin, ether, solana, and PAXG above CoinDesk's $1,000 disclosure threshold.
