Mercurity Fintech Holding (MFH), a New York-based fintech company specializing in cryptocurrency mining and blockchain services, has announced plans to raise $800 million to establish a corporate Bitcoin (BTC) treasury. The funds raised will support a comprehensive strategy that includes acquiring Bitcoin, utilizing blockchain-native custodial infrastructure, implementing tokenized treasury management tools, and enabling staking services to generate yield.
CEO Shi Qiu emphasized the company’s vision of Bitcoin becoming a core component of future financial infrastructure. MFH aims to position itself as a major player in the evolving digital financial ecosystem by building a yield-generating, blockchain-aligned treasury reserve.
The fundraising announcement coincides with MFH’s preliminary inclusion in the Russell 2000 and Russell 3000 indexes, marking a notable upgrade from the Russell Microcap index and reflecting growing investor recognition of MFH’s blockchain finance value proposition.
MFH’s business includes cryptocurrency mining focused on Bitcoin and Filecoin, development of liquid cooling solutions for AI data centers, and provision of financial services to institutional and high-net-worth clients. The company’s shares recently experienced slight volatility, rising 1.9% during regular trading but falling 2.84% in after-hours trading following the announcement.
The move to develop an $800 million Bitcoin treasury reflects a broader trend among public companies adopting cryptocurrency as a strategic asset, moving beyond simple holding toward integrating Bitcoin with yield-generating mechanisms and institutional-grade custody. This strategy aligns with the maturation of corporate Bitcoin treasury models and ongoing digital innovation in traditional finance.