Mercurity Fintech Holding, Inc. (MFH.US) stock price surged 53% in a single day, igniting market enthusiasm over its encrypted financial strategic layout.

The fintech group Mercurity Fintech (MFH.US) saw a big increase in its stock price on Thursday, with the closing price soaring by over 53%, marking the largest single-day increase in recent times. The trading volume also reached a new high of $40.63 million, the highest in 8 months. It is worth mentioning that the company rebounded significantly the next day, demonstrating the enthusiasm of retail investors and reflecting that the stock price was wrongly undervalued in the previous days. In addition, this strong performance also aligns with the company's recent strategic moves, showing the market's confidence in its deep involvement in the cryptocurrency and blockchain financial sectors. In June of this year, Mercurity Fintech announced an $800 million fundraising plan to establish a long-term Bitcoin reserve. They aim to build a staking-based digital asset reserve framework through institutional-level custody solutions and on-chain liquidity protocols, and to enhance the balance sheet through integrated staking efficiency tools. In July, the company continued to advance its strategy by reaching a $200 million equity and credit agreement with Solana Ventures to drive Solana's fund strategy. The company plans to generate revenue through staking, validator nodes, and Solana DeFi protocols, and to invest in tokenized and real-world assets platforms based on Solana. To accelerate its cryptocurrency financial strategy, Mercurity Fintech subsequently raised $43.7 million (approximately 310 million RMB) through a direct issuance. The funds raised will be used to further promote the cryptocurrency financial strategy, including ecosystem staking, tokenized revenue tools, and the construction of institutional-level on-chain financial infrastructure. Additionally, the board of directors of Mercurity Fintech has approved a share repurchase plan of up to $10 million within the next 12 months. This decision is seen by the market as a strong signal of the company's high confidence in its long-term value and development prospects, showcasing the management's firm commitment to continuously enhancing shareholder returns in the process of promoting the construction of the blockchain fund management platform. In response to this, several institutional investors have shown their confidence in the future development of Mercurity Fintech Holding, Inc. through their actions. According to statistics, in the fourth quarter of last year, Geode Capital Management LLC increased its holdings in the company, while Schonfeld Strategic Advisors LLC, 683 Capital Management LLC, Balyasny Asset Management L.P., and Cubist Systematic Strategies LLC all newly established positions in the company.