Mercurity is not a name you hear in popular crypto discussions. However, it has managed to make headlines with its $800 million investment. While users believed that this is a part of the hype train, the company officials have a different take on it.
According to officials from Mercurity, this is part of a long-term BTC investment aimed at creating a reserve. This aligns closely with the company’s broader financial plan. The company already holds some BTC. However, it is looking to broaden its horizon and use its idle tokens for a myriad of reasons.
$800 Million Investment
If the firm successfully decides to make this move, it could be another one of the landmark crypto moves of all time. At the time of press, $800 million can purchase approximately 7,433 BTCs. This would automatically position the firm higher in the food chain compared to other names such as GameStop, which holds 4,710 BTC.
Mercurity is not the only entity looking to create a crypto reserve. To date, around 223 public companies have signed off on establishing a BTC reserve. Institutional investors are also looking to build reserves for altcoins.
All in all, it is observed that 2025 is the year when more and more companies are prioritizing crypto reserve building compared to earlier years.
