Mercurity Fintech Holding Inc. (NASDAQ: MFH) has secured a $200 million equity credit line from Solana Ventures, setting the stage for a new institutional strategy centered on Solana.
The move positions MFH among a rising group of firms integrating SOL into their corporate treasuries.
The capital will be deployed incrementally, with plans to acquire and stake SOL, operate validators, and back tokenized finance initiatives. MFH also aims to explore real-world asset projects and decentralized services across the Solana network.
According to Chief Strategy Officer Wilfred Daye, Solana’s speed, efficiency, and growing regulatory traction make it ideal for institutional exposure to blockchain finance.
Solana’s price climbed 5.46% to $191.70 following the news, as daily trading volume jumped nearly 70% to $8.69 billion. This latest rally comes amid broader institutional momentum around Solana. Recent examples include DeFi Development Corp’s $100M SOL position and ReserveOne’s $1B crypto treasury initiative.
MFH now joins Sol Strategies—another Solana-aligned treasury firm that recently filed for a Nasdaq listing—as part of a growing shift toward blockchain-native treasury management.
Alexander Zdravkov
Reporter at Coindoo
Alexander Zdravkov is a person who always looks for the logic behind things. He is fluent in German and has more than 3 years of experience in the crypto space, where he skillfully identifies new trends in the world of digital currencies. Whether providing in-depth analysis or daily reports on all topics, his deep understanding and enthusiasm for what he does make him a valuable member of the team.
Source: https://coindoo.com/mercurity-fintech-taps-200m-to-build-solana-focused-treasury/