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The publicly listed company mF International plans to raise $500 million to launch the BCH treasury.
On November 22, the listed company mF International (NASDAQ: MFI) announced a $500 million private placement financing (PIPE) to initiate its digital asset treasury strategy. This PIPE plans to sell 50 million shares of Class A common stock and pre-funded warrants, with an issuance price of $10 per share, expected to raise $500 million before deducting issuance costs, and is anticipated to complete the Delivery around December 1, 2025. The company plans to use the net financing primarily to purchase Bitcoin Cash (BCH), as well as to establish a digital asset treasury business, while also allocating funds for working capital and general corporate purposes.