mF International completes $500 million financing to establish BCH treasury strategic reserve

Jinse Finance reported that Nasdaq-listed company mF International has announced the issuance of 50 million Class A common shares and prepaid warrants at a price of $10 per share, completing a total fundraising of $500 million. The net proceeds will be used to advance the establishment of a Bitcoin Cash (BCH) digital asset reserve strategy and to purchase other cryptocurrencies, aiming to diversify the company's balance sheet allocation.