PANews reported on July 21 that according to The Block, Nasdaq-listed Mercurity Fintech Holding signed a $200 million equity credit agreement with Solana Ventures to advance its Solana funding strategy. Mercurity plans to accumulate a large amount of Solana (SOL) tokens through this agreement and generate returns through staking, validator nodes, and Solana DeFi protocols, while also investing in Solana-based projects, including tokenized assets and real-world asset platforms. The company's Chief Strategy Officer Wilfred Daye stated that this Solana strategy is a new addition and does not replace the previous $800 million Bitcoin reserve plan, with each having different fund management and revenue characteristics.
Mercurity Fintech and Solana Ventures reach agreement on $200 million SOL funding
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