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Mercurity Fintech Holding Inc. (Nasdaq: MFH) has announced an $800 million financing plan to build a corporate Bitcoin treasury, joining the growing list of public companies adopting cryptocurrency as a strategic asset.
The digital fintech group plans to establish a long-term Bitcoin reserve using institutional-grade custody infrastructure, on-chain staking, and tokenized treasury management services, it said in a statement on Wednesday. MFH's approach goes beyond Strategy's accumulation model, incorporating yield-generation through staking and tokenized management, representing the next evolution in corporate Bitcoin strategies.
"We're building this Bitcoin treasury reserve based on our belief that Bitcoin will become an essential component of the future financial infrastructure," said CEO Shi Qiu. "We are positioning our company to be a key player in the evolving digital financial ecosystem."
The announcement coincides with MFH's preliminary inclusion in the Russell 2000 Index, upgrading from the Russell Microcap Index.
"Moving from the Russell Microcap to the Russell 2000 shows that investors recognize the value we are creating in blockchain finance," Qiu added. "Our Bitcoin treasury reserve initiative is the next logical step in this evolution."
MFH's approach reflects the maturation of corporate Bitcoin strategies beyond simple asset holding. Through subsidiaries including Chaince Securities, the company bridges traditional finance and digital innovation, making the Bitcoin treasury a natural extension of its existing blockchain infrastructure focus.
The $800 million target represents a significant commitment that positions MFH among the more ambitious corporate Bitcoin adoption plans announced by mid-cap public companies.
Corporate Bitcoin treasuries have gained significant traction since Strategy pioneered the approach, now holding over $63 billion in Bitcoin. The trend accelerated following regulatory clarity improvements and Bitcoin ETF launches in 2024, with companies seeking alternatives to low-yield cash holdings.
