mF International, a publicly traded company, plans to raise $500 million to launch the BCH Treasury.

Mars Finance reported on November 22 that mF International (NASDAQ: MFI), a publicly traded company, announced a $500 million private placement (PIPE) to launch its digital asset treasury strategy. The PIPE involves the sale of 50 million Class A ordinary shares and pre-funded warrants at $10 per share, with the company expecting to raise $500 million before deducting offering expenses. The transaction is projected to close around December 1, 2025. The company plans to use the net proceeds primarily to purchase Bitcoin Cash (BCH) and establish its digital asset treasury business, as well as for working capital and general corporate purposes.