In recent months, many companies have increased their Bitcoin purchases, following in the footsteps of MicroStrategy. Notably, Mercurity Fintech has announced plans to create a Bitcoin reserve amounting to $800 million.
Bitcoin Purchases on the Rise
Many companies in the market are actively increasing their Bitcoin reserves. One such company is GameStop, which made its second BTC purchase.
Mercurity Fintech Initiative
Mercurity Fintech, a Nasdaq-listed digital fintech group, announced plans to raise $800 million to create a long-term Bitcoin treasury reserve. The funds will also be used to integrate blockchain-focused custody services, staking, and tokenized asset management into the company's digital reserve framework.
Comment from CEO Shi Qiu
CEO Shi Qiu emphasized: "We are creating this Bitcoin reserve based on our belief that Bitcoin will be a fundamental component of the future financial infrastructure. We are positioning our company to be a key player in the evolving digital financial ecosystem. Our initiative for a Bitcoin treasury reserve is the next logical step in this direction."
The increase in Bitcoin purchases by various companies, including Mercurity Fintech, signifies a growing interest in cryptocurrencies and their integration into the traditional financial system.
