According to Techflame, the digital fintech group Mercurity Fintech (MFH.US) saw a sharp rise in the stock price on Thursday, surging by more than 53% at the close, the biggest one-day increase recently, and the trading volume reached 40.63 million US dollars, a record high in 8 months.
In June of this year, Mercurity Fintech announced a $800 million fundraising plan aimed at building long-term Bitcoin reserves. Establish an interest-bearing digital asset reserve framework through institutional-level escrow solutions and on-chain liquidity agreements, and integrate pledge efficiency tools to strengthen balance sheets. In July, the company continued to advance its strategy and reached an equity credit agreement of up to $200 million with Solana Ventures to advance Solana's funding strategy. The company said it plans to obtain benefits through staking, verification nodes and the Solana DeFi protocol, and invest in Solana-based tokenized
assets and real asset platforms.Mercurity Fintech then raised 43.7 million US dollars (approximately RMB 310 million) through registered direct distribution. The company said the funds raised will be used to advance cryptocurrency financial strategies, including ecosystem staking, tokenized revenue tools, and the construction of institutional on-chain financial infrastructure. Additionally, Mercurity Fintech's board of directors approved a share repurchase plan of up to $10 million over the next 12 months. This decision was viewed by the market as
a strong sign of the company's high confidence in its long-term value and development prospects, demonstrating management's firm commitment to continuously enhance shareholder returns in the process of advancing the construction of a blockchain fund management platform.According to statistics, in the fourth quarter of last year, Geode Capital Management LLC increased its shares, while Schonfeld Strategic Advisors LLC, 683 Capital Management LLC, Balyasny Asset Management L.P., and Cubist Strategies LLC created new positions in the company.