Mercurity Fintech to raise $43.7M for crypto treasury strategy

Mercurity Fintech Holding, a Nasdaq-listed fintech group focused on blockchain infrastructure, has announced a $43.7 million registered direct offering to fund its crypto treasury strategy and on-chain financial infrastructure. According to a GlobeNewswire press release, investors include LTP, Syntax Capital, OGBC Group and Blockstone Capital. The company will issue shares and warrants at $3.50 each, with proceeds allocated to initiatives such as staking, tokenized yield products and general operations. The deal is expected to close around July 22.