# Mercurity Fintech Announces $43.7 Million Capital Raise Nasdaq-listed Mercurity Fintech Holding (MFH) plans to raise $43.7 million through a stock offering. The strategic move aims to establish robust cryptocurrency reserves and further develop its on-chain financial infrastructure. # Funds to Bolster Cryptocurrency Holdings The capital infusion will allow Mercurity to actively acquire and manage a diversified portfolio of cryptocurrencies. This demonstrates a strong commitment to the digital asset space. # Expanding On-Chain Financial Infrastructure Beyond reserves, the funds will also be allocated to expanding Mercurity's on-chain financial infrastructure. This includes developing and improving blockchain-based services and solutions. LTP, Syntax Capital, OGBC Group, and Blockstone Capital are participating in this key financial undertaking. ```