Mercury Fintech Raises $800 Million to Build Bitcoin Treasury Reserve

Mercury Fintech Holding, a Nasdaq-listed digital fintech company specializing in blockchain-based payment infrastructure, announced plans Monday to raise $800 million to establish a significant Bitcoin treasury reserve, amid growing corporate adoption of the cryptocurrency.

Mercury stated the fundraising aims to position a portion of its treasury into a “yield-generating, blockchain-aligned reserve structure designed to reinforce long-duration asset exposure and balance sheet resilience.” This strategy will be underpinned by its blockchain-native custody solutions, staking integrations, and tokenized treasury management services, according to an announcement made on Monday.

“We’re building this Bitcoin treasury reserve based on our belief that Bitcoin will become an essential component of the future financial infrastructure.” — Shi Qiu, CEO, Mercury Fintech

This approximately $800 million capital raise corresponds to roughly 7,433 Bitcoin (BTC) based on current prices, Mercury noted. The establishment of its corporate Bitcoin treasury positions the company, a unit of Centiwealth Group Holdings Ltd., to become a “key player in the evolving digital financial ecosystem,” according to CEO Shi Qiu.

The $800 million raise would make Mercury the potential market capitalizer of the Bitcoin market following its anticipated purchase.

The move highlights the increasing trend of public companies incorporating Bitcoin into their corporate treasury reserves. According to Cointelegraph, the number of public companies holding Bitcoin has surged to at least 223, compared to an estimated 124 companies just weeks ago (as of June 5). Data from BitcoinTreasuries.NET indicates that corporate holdings collectively amount to over 819,000 BTC, equivalent to roughly 3.9% of the total Bitcoin supply.

Corporate Bitcoin Adoption Expands

Full analysis on corporate Bitcoin adoption shows a significant increase is driving the wave of adoption. A Binance Research spokesperson noted corporate engagement stems from “drivers including long-term balance sheet strategy, treasury diversification and capital-raising activity.”

Illustrating the expanding scope, Interactive Strength, another Nasdaq-listed company (a fitness equipment manufacturer), separately announced Wednesday plans to raise up to $500 million to establish a treasury reserve for the Fetch.ai (FET) token.

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