TL;DR
- Mercurity Fintech agreed to a $200 million credit line with Solana Ventures Ltd. to develop a treasury strategy focused on SOL.
- The initiative aims to build a significant reserve in Solana, generating yields through staking, validator nodes, and DeFi protocols.
- Mercurity maintains its bitcoin investment plan, clarifying that the Solana strategy is complementary.
Mercurity Fintech announced an agreement to secure a $200 million credit line with Solana Ventures Ltd., aiming to develop a treasury strategy centered on SOL.
This initiative seeks to build a substantial position in Solana by leveraging the network’s opportunities to generate yields through staking, validator nodes, and decentralized finance protocols. It also plans to invest in projects linked to tokenized assets and platforms connected to real-world applications.
The company keeps its bitcoin investment plan active and clarifies that the new Solana strategy does not replace but complements its previous projects. Wilfred Daye, Mercurity’s chief strategy officer, explained that while BTC acts as a non-yielding store of value, Solana offers active returns and greater flexibility within DeFi ecosystems, enabling more dynamic capital management.
Although Solana Ventures LLC, the official subsidiary of Solana Labs, denied any involvement with credit agreements involving public companies, Mercurity has not specified which entity it refers to in the contract. The company remains open to clarifying this discrepancy and continues focusing on the Solana ecosystem.
Mercurity Deploys Major Funds in the DeFi Market
This decision fits within a broader strategy that includes a diversified $500 million fund for DeFi assets, with exposure to tokens like Ethereum, XRP, Cardano, and BNB. The Solana treasury forms a key part of this plan aimed at maximizing on-chain yield through active management.
Mercurity Fintech trades on Nasdaq under the ticker MFH and operates through subsidiaries like Chaince Securities, focused on bridging traditional finance with blockchain-based technologies. With this new strategy, the company positions itself to participate in Solana’s evolution by combining speed, efficiency, and an expanding regulatory framework.
Many companies accumulate cryptocurrencies not only to preserve value but also to take advantage of tools that increase yields and diversify investments in the crypto market. Mercurity continues expanding its portfolio by integrating various assets and functionalities