Mercurity Fintech Holding, a Nasdaq-listed Digital Fintech group construction blockchain-based payment infrastructure, bitcoin will collect $ 800 million to set up a bitcoin Treasury Reserve, as more corporations are hugging the world’s first cryptocurrency.
The Fintech company plans to raise $ 800 million to set up a “long-term” bitcoin (BTC) Treasury Reserve, which will be integrated into its digital reserve framework through blockchain-country custody, stack integration and token Treasury management services.
The firm shared on Wednesday shared the firm shared on Wednesday. Announcement,
Through the installation of its corporate bitcoin Treasury, the company aims to bring itself into a position to become a “Digital Financial Ecosystem” to become a position to become a major player in the digital financial ecosystem, which Shi Kiu, CEO of Mercury Fintech said:
“We are building this bitcoin treasury reserve based on our belief that bitcoin will become an essential component of future financial infrastructure.”
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The capital growth firm of $ 800 million will be able to buy about 7,433 BTCs at a current price of more than $ 107,600.
This will trade the world’s 11th largest corporate bitcoin holder after Galaxy Digital Holdings, Crossing gamestop 4,710 BTC, Bitbo Shows data.
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On adopting corporate bitcoin, 223 companies hold BTC
Indicating the growing institutional interest, at least 223 public companies are now holding bitcoins as part of their corporate treasury, from above Only 124 firm On 5 June, cointelegraph told.
More than 819,000 BTC, representing 3.9% of the total supply, is now held in the public company Treasury, according to data from Bitcoinyteries.
A long -term investment perspective is driving a corporate bitcoin adopting wave, adding cointelegraph by a spokesperson of a banns research:
“Corporate BTC adoption is powered by a long-term balance sheet strategy, treasury diversification and capital-growing activity.”
AltCoins are also benefiting from increasing institutional interests. A NASDAQ-listed fitness tool manufacturer, Interactive Strength (TRNR), announced a plan to uplift $ 500 million to install A fetch.ai (Extinguish) Token Treasury, Coinlagraph told on Wednesday
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