Mercurity Fintech Holding Inc. shares Up After Third Quarter 2021 Financial Results
Mar 24, 2022 By MarketDepth
Mercurity Fintech Holding Inc. (NASDAQ: MFH) shares spiked more than 25% on Thursday after the Company reported its unaudited financial results for the Third Quarter ended September 30, 2021.
Investor Purchase
On September 8, 2021, certain investors purchased a total of $5 million of the Company’s ordinary shares and warrants to purchase up to 571,428,570 ordinary shares at certain prices for a purchase price of $0.00875 per share and warrant (the “Private Offering”), paid in Bitcoin (“BTC”).
“The third quarter of 2021 was crucial for the Company as we completed the re-integration and comprehensive upgrade of our business as well as our team. We will continue to seek new breakthroughs in the field of blockchain technology applications and reserve valuable assets and stable cash flows for the Company through digital currency mining and digital currency investment businesses. Although we have not yet accomplish certain significant financial achievements in this period, we have already taken crucial steps to establish ourselves in the blockchain technologies and expect a brilliant future for our company.”
Mr. Zhu Wei, Co-Chairperson of the Board and Co-Chief Executive Officer
On October 19, 2021, certain investors purchased a total of $5 million of the Company’s ordinary shares and warrants to purchase up to 571,428,570 ordinary shares at certain prices for a purchase price of $0.00875 per share and warrant as part of the Private Offering, paid in USD Coin (USDC). We believe that the net proceeds from the Private Offering do not only provide the capital needed to grow the Company’s business in the near future, but also declare the investors’ confidence in the Company and potential returns from holding and investing in digital currencies.
Digital Assets
Mercurity Fintech Holding Inc. engages in the design, development, creation, testing, installation, configuration, integration, and customization of digital asset infrastructure solutions based on blockchain technologies in the British Virgin Islands and the Asia pacific region.
