Mercurity Fintech Allocates $500M to DeFi Basket with Focus on Solana
- MFH launched a $500M DeFi treasury with a strong focus on Solana and validator node operations.
- The treasury will diversify into ETH, ADA, XRP, and BNB under strict risk and compliance guidelines.
- The move reflects MFH’s shift toward direct on-chain financial infrastructure and active participation in DeFi ecosystems.
Mercurity Fintech Holding Inc. (NASDAQ: MFH) filed a Form 6-K with the U.S. SEC on July 14, confirming the launch of a $500 million DeFi treasury fund.
The initiative will prioritize acquiring Solana (SOL) and will also expand into other major cryptocurrencies, including Ethereum (ETH), Cardano (ADA), XRP, and BNB. The company stated it would use both cash reserves and future fundraising to support the move, depending on market and regulatory conditions.
The “Solana-First” Strategy
In the first stage, MFH plans to build long-term exposure to Solana. It will accumulate SOL tokens and operate validator nodes to secure the network and earn staking rewards. The company cited Solana’s scalability and growing institutional adoption as key reasons for this strategy.
The integration signals a shift toward blockchain-native financial infra…
The post Mercurity Fintech Allocates $500M to DeFi Basket with Focus on Solana appeared first on Coin Edition.
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Mercurity Fintech Allocates $500M to DeFi Basket with Focus on Solana
- MFH launched a $500M DeFi treasury with a strong focus on Solana and validator node operations.
- The treasury will diversify into ETH, ADA, XRP, and BNB under strict risk and compliance guidelines.
- The move reflects MFH’s shift toward direct on-chain financial infrastructure and active participation in DeFi ecosystems.
Mercurity Fintech Holding Inc. (NASDAQ: MFH) filed a Form 6-K with the U.S. SEC on July 14, confirming the launch of a $500 million DeFi treasury fund.
The initiative will prioritize acquiring Solana (SOL) and will also expand into other major cryptocurrencies, including Ethereum (ETH), Cardano (ADA), XRP, and BNB. The company stated it would use both cash reserves and future fundraising to support the move, depending on market and regulatory conditions.
The “Solana-First” Strategy
In the first stage, MFH plans to build long-term exposure to Solana. It will accumulate SOL tokens and operate validator nodes to secure the network and earn staking rewards. The company cited Solana’s scalability and growing institutional adoption as key reasons for this strategy.
The integration signals a shift toward blockchain-native financial infra…
The post Mercurity Fintech Allocates $500M to DeFi Basket with Focus on Solana appeared first on Coin Edition.
Read More