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Publicly traded company mF International plans to raise $500 million to launch the BCH Treasury.
BlockBeats News, November 22, Publicly traded company mF International (Nasdaq: MFI) announced a $500 million private investment in public equity (PIPE) to kickstart its digital asset treasury strategy.
The PIPE involves the sale of 50 million shares of Class A common stock and pre-funded warrants at a price of $10 per share, expecting to raise $500 million before deducting offering expenses and anticipating closing around December 1, 2025. The company plans to use the net proceeds primarily to purchase Bitcoin Cash (BCH) and establish a digital asset treasury operation, as well as for working capital and general corporate purposes.
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