A giant Bitcoin move worth 800 million dollars came from a US company (BTC)!

Recently, many companies have accelerated their Bitcoin (BTC) purchases by following MicroStrategy’s (Strategy).

One of the most important of these, the American giant GameStop made its second Bitcoin purchase, while another company started preparations to buy BTC.

Mercurity Fintech, a digital fintech group listed on Nasdaq, announced plans to raise $800 million to build a long-term Bitcoin treasury reserve.

Accordingly, the company stated that it will raise 800 million dollars for its Bitcoin treasury reserve.

The collected funds will also be used to integrate blockchain-focused custody services, staking, and tokenized treasury management into the company’s digital reserve framework, aside from Bitcoin purchases.

The company also stated that it is expected to be included in the broad market Russell 3000 and Russell 2000 Index according to FTSE Russell’s preliminary list for the 2025 annual restructuring.

The company’s CEO, Shi Qiu, said the following about the Bitcoin initiative:

“We are creating this Bitcoin treasury reserve based on our belief that Bitcoin will be a fundamental component of the financial infrastructure in the future.”

We are positioning our company as a key player in the evolving digital financial ecosystem.

Our company is also ready to transition from Russell Microcap to Russell 2000. This indicates that investors have recognized the value we create in blockchain finance.

Our Bitcoin treasury reserve initiative is the next logical step we are taking in this direction.

*This is not investment advice.

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