Holding FinTech Holdetch, listed on NASDAQ Digital Fintech Group Build Blockchain Infrastructure, plans to raise $ 800 million to establish Bitcoin tax reserve, because more companies accept cryptocurrency for strategic purposes.
Mercurity plans to raise $ 800 million to establish a “long-term” Bitcoin (BTC) tax reserve, which will be integrated as part of the digital reserve by caring for Blockchain-Rrative, putting integration and toxicated treasure management services, said the company on Wednesday announcement.
Merurnity said that he would transfer part of his treasury into “generating performance, a reserve structure fought, which strengthens long -lasting exposure to assets and balance resistance.”
By establishing its corporate Bitcoin Treasury, the company intends to become a “key player in the evolving digital financial ecosystem,” said Shi Qiu, general director of Mercurity Fintech, adding:
“We are building this Bitcoin tax reserve based on our belief that Bitcoin will become an important element of future financial infrastructure.”
Related: Bitcoin is approaching a novel height when Trump claims that US-china trade “transaction is concluded”
A capital boost worth $ 800 million would allow the company to buy around 7433 BTC at current prices.
This will make Merurnity 11. As for the size, the owner of the corporate Bitcoin after Galaxy Digital Holdings, exceeding 4710 BTC Gamestop, Battle The data show.
Related: “Apple should buy bitcoins,” says Saylor, because the purchase of division is disappointed
Corporate bitcoins in the growing, 223 companies have BTC
By signaling the growing institutional interests, at least 223 public companies have Bitcoin as part of their corporate treasures, compared to only 124 companies on June 5, Cointelegraph said.
According to Bitcointreasuries.net data, over 819,000 BTC, which is 3.9% of total supply, is currently being detained in a public company.
The long -term investment perspective drives a wave of Bitcoin corporate adoption, said Binance CointeLgraph research spokesman, adding:
“Corporate BTC adoption results from a long -term balance sheet strategy, treasure diversification and activities related to raising capital.”
Altcoins also operate the growing institutional interest. The interactive force, recorded on NASDAQ, manufacturer of fitness equipment, announced plans to collect up to $ 500 million in order to establish the token treasurer Fetch.Ai (FET), said CointeLgraph on Wednesday.
https://www.youtube.com/watch?v=EF3WCSS75QY
Warehouse: Older investors risk everything at a pension financed by cryptocurrencies
