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Mercurity Fintech has reached a $200 million SOL funding protocol with Solana Ventures.
PANews reported on July 21 that Nasdaq-listed Mercurity Fintech Holding has signed a $200 million equity credit agreement with Solana Ventures to promote its Solana funding strategy. Mercurity plans to accumulate a large amount of Solana (SOL) tokens through this agreement, and earn income through staking, validating nodes, and Solana DeFi protocols, while also investing in Solana-based projects, including tokenized assets and real asset platforms. The company's Chief Strategy Officer Wilfred Daye stated that the Solana strategy is an addition and does not replace the previous $800 million Bitcoin reserve plan, as both have different capital management and yield characteristics.