Mercurity Fintech Secures 200M Credit for Solana Treasury Strategy

Mercurity Fintech Holding Inc. (Nasdaq: MFH) secured a $200 million credit line to build a Solana-based treasury strategy. According to a recent press release, the agreement was signed with an entity called Solana Ventures Ltd., aimed at establishing a long-term position in the Solana (SOL) ecosystem.

The strategy reflects a growing shift among blockchain-native firms toward active, yield-generating participation in decentralized networks. Mercurity plans to acquire a substantial position in SOL, deploy those assets through validator nodes, and participate in DeFi protocols on Solana. This initiative is intended to both generate yield and support the broader ecosystem’s growth.

However, shortly after the announcement, Solana Ventures LLC—an official subsidiary of Solana Labs—issued a statement denying involvement in the deal. The name used in Mercurity’s release, Solana Ventures Ltd., is not linked to the official Solana development entity. 

Why Mercurity Is Betting on Solana

Solana has seen a noticeable rise in institutional attention in recent months. According to Mercurity’s Chief Strategy Officer, Wilfred Daye, Solana’s appeal lies in its performance: fast transaction speeds, low costs, and growing developer traction. As Daye explained, the Solana network offers a more dynamic environment than Bitcoin, which serves as a static store of value but lacks yield opportunities.

Mercurity aims to take advantage of Solana’s staking mechanisms and validator incentives, which offer consistent rewards for network participation. These activities will serve as the backbone of the company’s treasury management strategy. By actively deploying capital on-chain, Mercurity hopes to increase the value of its holdings over time—diverging from passive asset-holding models.

The company also intends to invest in Solana-based projects, particularly those that focus on tokenized real-world assets and decentralized finance protocols. These investments are expected to diversify revenue streams while establishing Mercurity as a foundational participant in next-generation financial infrastructure.

A recent move by Hong Kong-listed MemeStrategy, which acquired more than 2,400 SOL tokens, suggests that more conservative financial players are warming up to Solana.

New Capital, New Moves

To fund its expanding blockchain strategy, Mercurity also announced a registered direct offering. The company plans to issue over 12 million ordinary shares and an equal number of warrants at a price of $3.50 per share. The warrants will have a five-year term and the same exercise price.

The offering is expected to close on July 22, 2025, pending customary conditions. Institutional participants in the raise include LTP, Syntax Capital, OGBC Group, and Blockstone Capital—all known for their investment activity in blockchain and digital asset sectors.

Mercurity appointed D. Boral Capital LLC as the sole placement agent for the offering. Legal representation for the company will be handled by VCL Law LLP, while Sichenzia Ross Ference Carmel LLP will represent the placement agent.

Part of a Broader $500 Million Strategy

The $200 million allocation to Solana is part of a larger, diversified strategy totaling $500 million. This fund includes exposure to multiple digital assets, including Ethereum, Cardano, BNB, XRP, and Bitcoin. The objective is clear: maximize returns through active participation in high-performance networks and emerging decentralized finance ecosystems.

Mercurity has long focused on bridging traditional finance with blockchain. Through subsidiaries like Chaince Securities, it has developed infrastructure that supports capital market activity in a digital asset context. Now, it is taking a more direct role in asset deployment, validator operations, and ecosystem support.

Mercurity’s Solana strategy offers a shift from passive holding to active yield generation. While Bitcoin remains a key part of its balance sheet, it offers no native yield. Solana, on the other hand, allows for flexible capital deployment through validator nodes, staking, and DeFi lending.