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mF International will raise $500 million through a private sale to establish a Bitcoin Cash treasury.
ChainCatcher news, Nasdaq-listed company mF International announced a private sale of 50 million Class A common shares at $10 per share to qualified institutional investors to raise $500 million. The funds raised will be used for general corporate operations and will also be used to purchase Bitcoin Cash and establish a related digital asset treasury. This financing transaction is expected to be completed on December 1.