Mercurity Fintech and Solana Ventures reach $200.00 million SOL funding agreement

On July 21, according to The Block, Nasdaq-listed Mercurity Fintech Holding signed a $200.00 million equity credit agreement with Solana Ventures to advance its Solana funding strategy. Mercurity plans to accumulate a large number of Solana ($SOL) tokens through the agreement, and earn income through staking, validating nodes and Solana DeFi protocols, while investing in Solana-based projects, including tokenized assets and real-world asset platforms. Wilfred Daye, the company's chief strategy officer, said that the Solana strategy is a new plan and does not replace the previous $800.00 million Bitcoin reserve plan. The two have different fund management and income characteristics. [PANews]