$3.5 Billion Mercury Fintech Secures $200M for Solana Treasury

Nasdaq-listed Mercurity Fintech Holding Inc. (NASDAQ: MFH) has secured a $200 million equity line of credit from Solana Ventures to deploy a Solana treasury strategy. This move places MFH among major institutional players expanding their treasury exposure to Solana. MFH joins other Solana-aligned firms like Sol Strategies, which recently filed for Nasdaq listing. Solana’s price rose 5.46% to $191.70.

MFH to Build A Strategic Solana Treasury

In the official press release, the announcement states that the deal will help launch a Solana treasury strategy. The credit agreement will allow MFH to accumulate a large position in SOL, the native token of the Solana blockchain. The company plans to use these assets to generate long-term yield through staking, validator operations, and decentralized finance protocols within the Solana ecosystem. Additionally, MFH will invest in tokenized finance products and real-world asset projects built on Solana.

According to Wilfred Daye, Chief Strategy Officer at MFH, the company is positioning itself within Solana’s expanding network to access real-time payments, tokenized assets, and efficient decentralized services. He emphasized Solana’s speed, cost-effectiveness, and regulatory traction as key factors behind the move.

MFH has not disclosed a specific timeline for the Solana treasury accumulation but confirmed that the capital will be used incrementally. The move adds MFH to a group of firms shaping the next phase of institutional crypto engagement, specifically on Solana.

Institutional Interest in Solana Grows Amid Price Surge

Solana price rose by 5.46% in the past 24 hours to reach $191.70. The rally pushed its market capitalization above $103 billion. Trading volume also jumped sharply, increasing by 69.44% to hit $8.69 billion.

MFH’s decision places it among the growing number of institutional players adopting Solana as a long-term treasury asset. It follows in the footsteps of DeFi Development Corp, which recently increased its Solana holdings to over $103 million.

Earlier, ReserveOne, an established digital asset management firm, announced plans to launch a $1 billion SPAC crypto treasury that included Solana and Bitcoin. Kraken and Blockchain.com were among the investors that backed the asset manager’s plans.

Last month, a Solana Treasury firm, Sol Strategies, filed for Nasdaq listing with the U.S. SEC under the ticker STKE. The firm’s shares jumped 4.9% upon the announcement.

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Paul

Paul Adedoyin is a crypto journalist with 4+ years experience who provides timely news, in-depth research, and insightful content to inform and empower his audience. His works have been featured on sites such as CryptoMode, CryptoNewsFlash among others.
He holds a degree in Geophysics from OAU, Nigeria. When he’s not writing, he loves watching soccer and reading educative journals.
He can be reached via [email protected]

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