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Follow DigiAsia, this Nasdaq Fintech plans to create a Bitcoin reserve of US$800 million
Mercurity Fintech Holding (MFH), a Nasdaq-listed fintech company, recently announced plans to raise US$800 million to build a strategic Bitcoin (BTC) reserve.
This is because Bitcoin is considered an important asset that can support finances in the future. Since its launch, Bitcoin has indeed been projected to replace traditional currencies such as fiat.
"Bitcoin will be an important component of the financial infrastructure of the future," said Mercurity Fintech Holding CEO Shi Qiu.
Previously, DigiAsia (FAAS), a fintech company from Indonesia listed on Nasdaq, also announced similar plans with a fund allocation of around US$100 million.