Follow the Footsteps of DigiAsia, This Nasdaq Fintech Plans to Create a Bitcoin Reserve of US$800 Million

Mercurity Fintech Holding (MFH), a fintech company listed on Nasdaq, recently announced plans to raise US$800 million to build a strategic Bitcoin (BTC) reserve.

This is due to Bitcoin being considered an important asset that can support future finances. Since its launch, it has indeed been projected to replace traditional currencies like fiat.

“Bitcoin will be an important component of the future financial infrastructure,” said Mercurity Fintech Holding CEO Shi Qiu.

Previously, DigiAsia (FAAS), a fintech company from Indonesia listed on Nasdaq, also announced a similar plan with a funding allocation of around US$100 million.

Disclaimer Alert. Not Financial Advice (NFA). Do Your Own Research (DYOR).

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Image Source: Bloomberg