Nasdaq-listed Mercurity Fintech plans to raise $800 million for Bitcoin (BTC) reserves

Mercurity's $800 million Bitcoin reserve financing plan will make the company the 11th largest corporate Bitcoin holder after Galaxy Digital.  

Nasdaq-listed Mercurity Fintech plans to raise $800 million for Bitcoin (BTC) reserves  

Mercurity Fintech Holding, a Nasdaq-listed digital fintech group dedicated to building blockchain-based payment infrastructure, plans to raise $800 million to establish a Bitcoin reserve as more companies adopt cryptocurrencies for strategic purposes.  

Mercurity announced plans to raise $800 million to establish a "long-term" Bitcoin (BTC) reserve and integrate it into a digital reserve framework through blockchain-native custody, staking integration, and tokenized reserve management services, the company said in a Wednesday announcement.  

Mercurity said it would convert part of the reserve into a "yield-generating, blockchain-aligned reserve structure to enhance long-term asset exposure and balance sheet resilience."  

By building a corporate Bitcoin reserve, the company aims to position itself as a "key player in the evolving digital financial ecosystem," said Shi Qiu, CEO of Mercurity Fintech, adding:  

"We are building this Bitcoin reserve based on our belief that Bitcoin will become an important part of the future financial infrastructure."  

The $800 million capital raise will enable the company to buy approximately 7,433 BTC at current prices.  

Source: Bitbo  

According to Bitbo data, this would make Mercurity the 11th largest corporate Bitcoin holder globally after Galaxy Digital Holdings, surpassing GameStop's 4,710 BTC.  

Rising corporate Bitcoin adoption: 223 companies hold BTC  

At least 223 listed companies currently hold Bitcoin as part of their corporate reserves, showing growing institutional interest, compared to 124 companies on June 5, Cointelegraph reported.  

Source: BitcoinTreasuries  

According to BitcoinTreasuries.NET, more than 819,000 BTC, or 3.9% of total supply, is currently held in listed company reserves.  

A Binance Research spokesperson told Cointelegraph that a long-term investment perspective is driving the wave of corporate Bitcoin adoption, adding:  

"Corporate BTC adoption is driven by long-term balance sheet strategies, reserve diversification, and capital-raising activities."  

Altcoins are also benefiting from growing institutional interest. Cointelegraph reported Wednesday that Nasdaq-listed fitness equipment manufacturer Interactive Strength announced plans to raise up to $500 million to build a Fetch.ai (FET) token reserve.  

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