Mercurity Fintech Claims $200M Solana Ventures Deal – But Solana Says No Such Agreement Exists
Main Idea
Mercurity Fintech announced a $200M deal with Solana Ventures, which Solana Ventures denied, while legitimate Solana treasury companies are driving market interest.
Key Points
1. Mercurity Fintech claimed a $200M Equity Line of Credit Agreement with Solana Ventures, but Solana Ventures denied any such agreement.
2. DeFi Development Corp. has purchased 141,383 SOL, holding 999,999 SOL in total, aiming for 1 million SOL by December 2028.
3. BIT Mining plans to raise $200-300M for Solana and other cryptocurrencies, with its stock surging over 300% pre-market.
4. Solana's market capitalization surpassed $100B for the first time since January 2025, with decentralized exchanges processing over $1T in volume in H1 2025.
5. Public companies are increasingly adding altcoins like Ethereum, Solana, and XRP to their treasury strategies, driving market momentum.
Description
Nasdaq-listed Mercurity Fintech announced a $200 million Equity Line of Credit Agreement with Solana Ventures to launch a Solana-based treasury strategy, but Solana Ventures immediately denied any involvement. In an X post, Solana Venture stated it is “ not affiliated or involved with any equity line of credit agreements with any publicly listed companies. “ Solana Ventures is not affiliated or involved with any equity line of credit agreements with any publicly listed companies or entities. — S...
Latest News
- Cardano Price Prediction: ADA Rockets to Multi-Week Highs – $10 is the Next Target2025-07-22 16:58:45
- Dogecoin Price Prediction: DOGE Clears Key Resistance – $10 Next Target?2025-07-22 16:25:38
- GameSquare Increases Crypto Treasury Program by $150 Million2025-07-22 15:36:51
- Michael Saylor’s Strategy Rolls Out $100 Bitcoin ‘Stretch’ Preferred Stock With 9% Yield2025-07-22 15:35:19
- SharpLink’s ETH Holdings Reach 360,807 with 567 ETH Earned from Staking2025-07-22 15:27:31