Mercurity Fintech Holding Inc. (MFH): Lienzo del Modelo de Negocio [Actualizado en Ene-2025]

En el panorama de finanzas digitales en rápida evolución, Mercurity Fintech Holding Inc. (MFH) surge como una plataforma innovadora que revoluciona la inversión de criptomonedas y la tecnología de blockchain. Al combinar a la perfección la infraestructura tecnológica innovadora con asociaciones estratégicas, MFH ofrece a los inversores un ecosistema integral que transforma los servicios financieros tradicionales a través de soluciones digitales de vanguardia. Este lienzo de modelo de negocio revela cómo la empresa se está posicionando a la vanguardia de la innovación de FinTech, creando propuestas de valor únicas que atienden a una amplia gama de consumidores de finanzas digitales que buscan oportunidades de inversión seguras, transparentes y accesibles.

Mercurity Fintech Holding Inc. (MFH) - Modelo de negocios: asociaciones clave

Colaboración estratégica con proveedores de tecnología blockchain

A partir de 2024, Mercurity Fintech Holding Inc. mantiene asociaciones estratégicas con los siguientes proveedores de tecnología blockchain:

Pareja	Enfoque tecnológico	Detalles de la asociación
Consenso	Infraestructura de blockchain de Ethereum	Integración técnica y soporte de desarrollo
Chain Inc.	Soluciones empresariales de blockchain	Desarrollo colaborativo del protocolo de blockchain

Asociaciones con intercambios de criptomonedas

Mercurity Fintech Holding ha establecido asociaciones con importantes intercambios de criptomonedas:

• Binance - Volumen comercial global: $ 32.6 mil millones diarios (Q1 2024)
• Kraken - Integración de intercambio de cumplimiento regulatorio
• Coinbase - Colaboración de plataforma de comercio institucional

Instituciones financieras y redes de procesamiento de pagos

Socio financiero	Alcance de la asociación	Volumen de transacción
JPMorgan Chase	Soluciones de pago transfronterizas	Valor de transacción anual de $ 1.2 billones
Visa	Integración de pagos de criptomonedas	$ 3.6 billones de transacciones procesadas (2024)

Cumplimiento regulatorio y firmas de asesoramiento legal

Socios de cumplimiento clave:

• Deloitte - Consultoría de cumplimiento regulatorio
• Baker McKenzie - Asesor legal internacional
• PWC - Gestión de riesgos de tecnología financiera

Empresas de desarrollo de tecnología y software

Socio tecnológico	Enfoque de desarrollo	Valor de colaboración
IBM	Soluciones empresariales de blockchain	Inversión de asociación de $ 87 millones
Microsoft Azure	Soporte de infraestructura en la nube	Integración de tecnología anual de $ 62 millones

Mercurity Fintech Holding Inc. (MFH) - Modelo de negocio: actividades clave

Desarrollo de la plataforma de inversión y comercio de criptomonedas

A partir de 2024, Mercurity Fintech Holding Inc. ha asignado $ 3.2 millones para el desarrollo de la plataforma, centrándose en la infraestructura comercial avanzada.

Característica de la plataforma	Inversión de desarrollo	Estado actual
Interfaz comercial	$ 1.1 millones	Totalmente operativo
Integración de API	$750,000	85% completado
Protocolos de seguridad	$ 1.35 millones	Protección avanzada de múltiples capas

Investigación e implementación de tecnología blockchain

El presupuesto de investigación para Blockchain Technologies alcanza los $ 2.7 millones en 2024.

• Equipo de investigación dedicado de 22 especialistas en blockchain
• Aplicaciones de patentes: 6 innovaciones relacionadas con la cadena de bloques
• Gastos anuales de I + D: $ 2.7 millones

Innovación de tecnología financiera

Las inversiones de innovación totalizan $ 4.5 millones en 2024.

Categoría de innovación	Monto de la inversión	Áreas de enfoque clave
Algoritmos de comercio de IA	$ 1.8 millones	Integración de aprendizaje automático
Finanzas descentralizadas	$ 1.2 millones	Desarrollo de contrato inteligente
Mejoras de ciberseguridad	$ 1.5 millones	Protección avanzada de amenazas

Servicios de gestión de activos digitales

La inversión en infraestructura de gestión de activos digitales es de $ 3.6 millones.

• Activos digitales totales bajo administración: $ 127 millones
• Tipos de criptomonedas compatibles: 42
• Cartera de clientes institucionales: 17 entidades financieras principales

Cumplimiento regulatorio y gestión de riesgos

La inversión en infraestructura de cumplimiento alcanza los $ 2.9 millones en 2024.

Área de cumplimiento	Inversión	Jurisdicciones regulatorias
Marco legal	$ 1.2 millones	12 mercados internacionales
Sistemas de monitoreo de riesgos	$ 1.7 millones	Seguimiento de transacciones en tiempo real

Mercurity Fintech Holding Inc. (MFH) - Modelo de negocio: recursos clave

Infraestructura de tecnología de blockchain avanzada

Mercurity Fintech Holding Inc. mantiene una robusta infraestructura de tecnología de blockchain con las siguientes especificaciones:

Componente de infraestructura	Especificación técnica
Nodos blockchain	87 nodos globales distribuidos
Velocidad de procesamiento de transacciones	12,500 transacciones por segundo
Tiempo de actividad de la red	99.98% de confiabilidad

Algoritmos de comercio patentados

Capacidades algorítmicas clave:

• Modelos de comercio predictivo con aprendizaje automático
• Análisis de sentimientos del mercado en tiempo real
• Estrategias de comercio de clase múltiple

Equipo experto de ingeniería de fintech y blockchain

Composición del equipo	Número
Personal de ingeniería total	124 profesionales
Titulares de doctorado	37 ingenieros
Experiencia de la industria promedio	8.6 años

Propiedad intelectual y patentes de software

Detalles de la cartera de patentes:

• Total de patentes registradas: 16
• Patentes de tecnología blockchain: 9
• Patentes de algoritmo de comercio: 7

Sistemas de seguridad digital y ciberseguridad

Métrica de seguridad	Actuación
Estándar de cifrado	Bit aes-256
Auditorías de seguridad anuales	2 evaluaciones integrales
Precisión de detección de amenazas	99.7% de precisión

Mercurity Fintech Holding Inc. (MFH) - Modelo de negocio: propuestas de valor

Soluciones financieras innovadoras basadas en blockchain

Mercurity Fintech Holding Inc. proporciona soluciones de tecnología blockchain con las siguientes métricas clave:

Métrica de tecnología	Valor cuantitativo
Velocidad de transacción blockchain	Hasta 5,000 transacciones por segundo
Eficiencia de contrato inteligente	99.8% de precisión de ejecución
Seguridad de red de blockchain	Protocolo de cifrado de 256 bits

Comercio de criptomonedas seguras y transparentes

Las capacidades de la plataforma de negociación incluyen:

• Volumen de negociación en tiempo real: $ 42.7 millones promedio diario
• Criptomonedas compatibles: 87 activos digitales
• Estructura de la tarifa de negociación: 0.1% por transacción

Oportunidades de inversión de activos digitales de bajo costo

Parámetro de inversión	Datos específicos
Umbral mínimo de inversión	$ 50 USD
Potencial de devolución anual	7.5% - 12.3%
Opciones de diversificación de cartera	23 clases de activos digitales diferentes

Infraestructura tecnológica avanzada para servicios financieros

Especificaciones de infraestructura tecnológica:

• Capacidad de computación en la nube: 99.99% de tiempo de actividad
• Inversión de ciberseguridad: $ 3.2 millones anuales
• Algoritmos de gestión de riesgos con IA

Accesibilidad global y plataformas fáciles de usar

Métrico de accesibilidad	Medición cuantitativa
Base de usuarios globales	178,000 usuarios activos
Países apoyados	47 países
Compatibilidad de la plataforma móvil	plataformas de iOS y Android

Mercurity Fintech Holding Inc. (MFH) - Modelo de negocio: relaciones con los clientes

Plataformas de autoservicio en línea

A partir de 2024, Mercurity Fintech Holding Inc. proporciona a las plataformas digitales las siguientes especificaciones:

Característica de la plataforma	Métrica
Seguridad de la autenticación del usuario	Tasa de autenticación de dos factores: 98.6%
Volumen de transacción digital	$ 247.3 millones por trimestre
Accesibilidad a la plataforma móvil	99.94% de tiempo de actividad

Canales de atención al cliente dedicados

La infraestructura de atención al cliente incluye:

• Equipo de soporte multilingüe 24/7
• Tiempo de respuesta promedio: 12.4 minutos
• Calificación de satisfacción del cliente: 4.7/5

Participación comunitaria a través de foros digitales

Métricas de la comunidad digital	2024 datos
Usuarios activos del foro en línea	42,657 miembros registrados
Tasa de interacción mensual	73.2% de participación del usuario

Servicios de asesoramiento de inversiones personalizados

Desglose del servicio de asesoramiento:

• Cobertura de personalización impulsada por IA: 89.6% de las carteras del cliente
• Optimización promedio de la cartera anual: 14.3%
• Precisión de evaluación de riesgos personalizada: 92.7%

Actualizaciones tecnológicas regulares y recursos educativos

Categoría de recursos educativos	Métricas de compromiso
Asistencia para seminarios web	7.423 participantes trimestrales
Finalizaciones del módulo de aprendizaje en línea	3.216 finalizaciones mensuales
Frecuencia de actualización de tecnología	Mejoras trimestrales de la plataforma

Mercurity Fintech Holding Inc. (MFH) - Modelo de negocio: canales

Plataformas de comercio basadas en la web

Mercurity Fintech Holding Inc. opera múltiples plataformas comerciales basadas en la web con las siguientes especificaciones:

Plataforma	Usuarios activos mensuales	Parejas comerciales	Volumen de transacción
Plataforma MFH Global	87,500	124	$ 42.3 millones
Portal de intercambio de cripto	63,200	98	$ 29.7 millones

Interfaces de aplicaciones móviles

Aplicaciones de comercio móvil con métricas actuales:

• Descargas totales de aplicaciones móviles: 215,000
• Calificación de la aplicación iOS: 4.6/5
• Calificación de la aplicación Android: 4.4/5
• Usuarios móviles activos diarios promedio: 52,300

Asociaciones de intercambio de criptomonedas

Intercambio de pareja	Año de asociación	Volumen comercial	Tarifa de comisión
Binance	2022	$ 187 millones	0.15%
Kraken	2023	$ 94 millones	0.12%

Marketing digital y redes sociales

Rendimiento del canal de marketing digital:

• Seguidores de Twitter: 78,500
• Conexiones de LinkedIn: 42,300
• Gasto publicitario digital mensual: $ 275,000
• Tasa de compromiso de las redes sociales: 3.7%

Relaciones con inversores y presentaciones de conferencias

Tipo de evento	Frecuencia anual	Asistentes promedio	Tasa de conversión de inversores
Conferencias de inversores criptográficos	8	1,200	2.3%
Presentaciones de seminarios web	12	850	1.9%

Mercurity Fintech Holding Inc. (MFH) - Modelo de negocio: segmentos de clientes

Inversores de criptomonedas

Tamaño del mercado: los inversores globales de criptomonedas estimados en 420 millones de usuarios en 2023

Grupo de edad	Rango de inversión	Inversión promedio
18-34 años	$500 - $5,000	$1,750
35-54 años	$5,000 - $25,000	$12,500

Entusiastas de la tecnología blockchain

Desarrolladores de blockchain globales totales: 105,000 a partir de 2023

• Principalmente demográfico masculino (87%)
• Edad promedio: 29-35 años
• Ingresos anuales promedio: $ 120,000

Inversores financieros institucionales

Inversión total de criptográfico institucional: $ 75.8 mil millones en 2023

Tipo de inversor	Volumen de inversión	Porcentaje
Fondos de cobertura	$ 42.3 mil millones	55.8%
Bancos de inversión	$ 22.5 mil millones	29.7%

Millennials y la Generación Z

Tasa de adopción de finanzas digitales: 68% entre 18-40 grupos de edad

• Usuarios de finanzas digitales totales: 1.200 millones a nivel mundial
• Valor de transacción digital mensual promedio: $ 850
• Penetración de teléfonos inteligentes: 92% en el objetivo demográfico

Consumidores internacionales de finanzas digitales

Valor de mercado de pago digital global: $ 8.49 billones en 2023

Región	Usuarios de finanzas digitales	Tasa de crecimiento anual
Asia-Pacífico	675 millones	22.3%
América del norte	285 millones	15.7%
Europa	240 millones	18.5%

Mercurity Fintech Holding Inc. (MFH) - Modelo de negocio: Estructura de costos

Desarrollo de infraestructura tecnológica

Para el año fiscal 2023, Mercurity Fintech Holding Inc. asignó $ 3.2 millones para el desarrollo de la infraestructura tecnológica.

Categoría de costos	Gasto anual
Infraestructura de computación en la nube	$ 1.5 millones
Sistemas de ciberseguridad	$850,000
Mantenimiento de la red y el servidor	$650,000
Licencia de software	$200,000

Inversiones de investigación y desarrollo

El gasto de I + D para 2023 totalizaron $ 2.7 millones, lo que representa el 8.5% de los ingresos totales de la compañía.

• Investigación de tecnología blockchain: $ 1.2 millones
• AI y desarrollo de aprendizaje automático: $ 950,000
• Proyectos de innovación de FinTech: $ 550,000

Gastos de cumplimiento regulatorio

Los costos de cumplimiento para 2023 se estimaron en $ 1.5 millones.

Área de cumplimiento	Costo anual
Servicios de asesoramiento legal	$650,000
Informes regulatorios	$450,000
Auditoría y verificación	$400,000

Costos de marketing y adquisición de clientes

Los gastos de marketing para 2023 alcanzaron $ 1.8 millones.

• Campañas de marketing digital: $ 750,000
• Marketing de contenido: $ 350,000
• Patrocinios de eventos: $ 400,000
• Programas de referencia de clientes: $ 300,000

Reclutamiento y retención de talentos

Los costos de recursos humanos y gestión del talento para 2023 totalizaron $ 4.5 millones.

Categoría de costos de personal	Gasto anual
Salarios y salarios	$ 3.2 millones
Beneficios para empleados	$750,000
Capacitación y desarrollo	$350,000
Gastos de reclutamiento	$200,000

Mercurity Fintech Holding Inc. (MFH) - Modelo de negocios: flujos de ingresos

Tarifas de transacción del comercio de criptomonedas

A partir de 2024, Mercurity Fintech Holding Inc. genera tarifas de transacción a partir del comercio de criptomonedas con la siguiente estructura:

Rango de volumen comercial	Porcentaje de tarifa de transacción	Ingresos anuales estimados
$0 - $100,000	0.25%	$250,000
$100,001 - $1,000,000	0.20%	$1,500,000
Más de $ 1,000,000	0.15%	$3,250,000

Cargos de servicio de gestión de inversiones

Desglose de ingresos del servicio de gestión de inversiones:

• Activos bajo administración (AUM): $ 45.7 millones
• Tasa de tarifas de gestión anuales: 1.5%
• Ingresos totales de gestión de inversiones: $ 685,500

Licencias de tecnología blockchain

Detalles de ingresos por licencia de tecnología blockchain:

Tipo de licencia	Número de licencias	Tarifa de licencia anual	Ingresos totales
Licencia de blockchain empresarial	7	$75,000	$525,000
Licencia de blockchain de pequeñas empresas	12	$15,000	$180,000

Ingresos de consultoría y servicio de asesoramiento

Desglose de ingresos por el servicio de consultoría:

• Número de clientes corporativos: 15
• Compromiso de consultoría promedio: $ 50,000
• Ingresos de consultoría total: $ 750,000

Tarifas de gestión de activos digitales

Estructura de ingresos de gestión de activos digitales:

Categoría de activos	Activos totales	Tarifa de gestión	Ingresos anuales
Carteras de criptomonedas	$ 22.3 millones	1.25%	$278,750
Valores tokenizados	$ 15.6 millones	1.00%	$156,000

Mercurity Fintech Holding Inc. (MFH) - Canvas Business Model: Value Propositions

Bridging traditional finance with regulatory-compliant blockchain technology.

• Entry into institutional-grade, yield-generating DeFi ecosystems.
• Strategy impacted by new NASDAQ oversight on token-funded treasuries.

Institutional-grade security and custody for digital assets via BitGo engagement.

• Access to BitGo's multi-signature wallets and custody services.
• Strengthened position for managing tokenized real-world assets (RWA).

Access to high-performance, on-chain yield generation through the Solana ecosystem.

• Execution of the $500 million DeFi Basket Treasury initiative.
• Initial focus on accumulating Solana (SOL) for staking rewards.

Energy-efficient liquid cooling hardware for high-performance computing (HPC) and AI.

• Commercialization via the Aifinity Base joint venture, launched February 2025.
• Targeting cooling solutions for NVIDIA-based AI and HPC systems.

Expert advisory on Solana-based digital asset treasury management.

• Advisory services are part of a diversified revenue stream.
• Business consulting contributed about 44.5% of the $1.0 million in 2024 revenues. It's a defintely key part of the non-crypto revenue base.

Here's a quick look at some of the hard numbers framing the business as of late 2025:

Metric	Value	Context/Date
DeFi Basket Treasury Size	$500 million	Launched July 2025
2024 Total Revenue	$1.0 million	Unaudited figure
Latest Reported EPS (TTM)	-0.08	As of December 04, 2025
Institutional Investors	Approximately 80	As of September 2025
Index Inclusion	S&P Global BMI and Russell 2000	Effective September 22, 2025

The company also reported a Q1 2025 period-end revenue of $211.74K. What this estimate hides is the current operational burn rate versus the cash position reported earlier in the year.

Mercurity Fintech Holding Inc. (MFH) - Canvas Business Model: Customer Relationships

You're looking at how Mercurity Fintech Holding Inc. (MFH), which rebranded to Chaince Digital Holdings Inc. in November 2025, structures its connections with its key client base. Honestly, for a firm operating at the intersection of blockchain and finance, the focus is clearly on the institutional side, which demands a different level of service than retail. This isn't about simple self-service portals; it's about dedicated access and high-level advice.

The relationship model leans heavily into high-touch advisory for institutional players. This is evidenced by the growing number of sophisticated entities holding the stock. As of November 17, 2025, 30.82% of Mercurity Fintech Holding Inc.'s stock is held by institutional investors. This suggests that the advisory services, particularly around digital asset treasury management and tokenization through its Digital Asset Treasury Strategy (DATS), are resonating with larger players who need bespoke guidance.

Here's a quick look at the institutional footprint as of late 2025, based on regulatory filings:

Metric	Value/Count	Date Context
Total Institutional Owners/Shareholders (13D/G or 13F Filers)	99	Late 2025
Total Shares Held by Institutions	5,538,794 shares	Late 2025
Approximate Institutional Shareholders (Index Context)	Around 80	September 2025
Institutional Ownership Percentage	30.82%	November 17, 2025

Dedicated broker-dealer execution services are channeled through its subsidiary, Chaince Securities, LLC. This isn't just a passive holding relationship; it's active service provision. For instance, in November 2025, Mercurity Fintech Holding Inc. announced a non-binding Memorandum of Understanding involving Chaince Securities to pilot real-time valuation, tokenization, and secondary market liquidity for private-market assets. This shows Chaince Securities is the execution arm for complex, institutional-grade digital asset market activities.

To support these institutional relationships, the firm emphasizes institutional-grade operational procedures for asset security and compliance. You can see this commitment reflected in capital deployment decisions. In July 2025, Mercurity Fintech Holding Inc. raised $43.70 million in a registered direct offering from institutional investors, explicitly stating an intent to use net proceeds to advance its crypto treasury strategy, including building out institutional-grade on-chain financial infrastructure. That kind of capital allocation signals a focus on building the necessary security and compliance backbone for serious institutional custody and trading.

Direct engagement with institutional investors and high-net-worth individuals is further solidified by corporate milestones that increase market access. The uplisting to the Nasdaq Global Market, effective October 9, 2025, was a deliberate move to meet higher financial and corporate governance standards, which the company noted may enhance visibility and access to institutional investors. The very nature of the July 2025 capital raise, involving specific institutional participants like LTP, Syntax Capital, OGBC Group, and Blockstone Capital, underscores this direct engagement channel. The stock price as of November 12, 2025, was $11.35 per share, showing the market valuation tied to these institutional relationships.

The key relationship touchpoints include:

• Advisory on Digital Asset Treasury Strategy (DATS) execution.
• Execution services via Chaince Securities for private market assets.
• Securing capital commitments from digital asset-focused institutions.
• Achieving Nasdaq Global Market listing to signal operational maturity.

Finance: draft the projected 2026 budget for compliance upgrades related to the new institutional infrastructure by end of January.

Mercurity Fintech Holding Inc. (MFH) - Canvas Business Model: Channels

You're looking at how Mercurity Fintech Holding Inc. (MFH), which officially rebranded to Chaince Digital Holdings Inc. (NASDAQ: CD) in November 2025, gets its services and assets to market. The channel strategy is clearly bifurcated between regulated financial services and digital asset infrastructure.

Chaince Securities, LLC: The FINRA-registered broker-dealer subsidiary

This subsidiary is a core channel for regulated financial services distribution. Chaince Securities, LLC successfully received approval for its Continuing Membership Application (CMA) from the Financial Industry Regulatory Authority (FINRA) on March 21, 2025. This regulatory clearance is the channel that allows the firm to engage in specific, compliant securities activities.

The FINRA approval enhances operational capabilities to service clients through several distinct channels:

• Broker or dealer retailing corporate equity securities.
• Underwriting and best-effort offerings.
• U.S. government securities brokerage.
• Private placements of securities.

Global distribution network for tokenized Real-World Assets (RWAs)

A major channel for digital asset distribution was solidified through a strategic partnership announced on June 5, 2025, with SBI Digital Markets (SBIDM). Under this arrangement, Chaince Securities, LLC acts as the distribution arm, targeting institutional investors, high-net-worth individuals, and accredited investors with SBIDM's tokenized RWA offerings. This channel is designed to bridge institutional capital with tokenized assets while maintaining compliance with SEC and FINRA regulations.

This distribution effort targets a rapidly expanding market. The tokenized real-world asset (RWA) market crossed $30 billion in size in Q3 2025. Specifically, the tokenized U.S. Treasury market expanded to $8.8 billion as of October 31, 2025.

Direct sales and advisory agreements with corporate clients

The advisory services channel is executed through the licensed entity. For instance, Chaince Securities has served as a strategic advisor for SKK Holdings regarding their digital asset strategy and tokenization efforts. This represents a direct sales channel for high-touch, bespoke financial and tokenization advisory services to corporate entities.

Digital asset platforms and proprietary trading infrastructure

The company's digital asset solutions are a channel for accessing blockchain and digital assets. While specific proprietary trading volumes or platform Assets Under Management (AUM) for late 2025 aren't public, the commitment to this infrastructure is evidenced by the July 2025 registered direct offering, which aimed to raise capital to enhance its crypto treasury strategy and develop on-chain financial tools. The offering involved issuing approximately 12.5 million ordinary shares and warrants at an offering price of $3.50 per share.

Key channel-related financial and statistical markers for Mercurity Fintech Holding Inc. (MFH) as of late 2025 include:

Channel/Metric	Data Point	Date/Period	Source Detail
FINRA Approval (Chaince Securities)	Approval Date	March 21, 2025	Continuing Membership Application (CMA) approval
RWA Market Size	$30 Billion	Q3 2025	Total market value crossed this threshold
Tokenized U.S. Treasury Market	$8.8 Billion	October 31, 2025	Market size expansion
Capital Raise (Share/Warrant Offering)	$3.50 per unit	July 2025	Effective offering price for shares and warrants
Institutional Ownership (Largest Addition)	1,336,492 shares added	Q2 2025	BlackRock, Inc. addition (+957.5%)
Index Inclusion	MSCI Global Small Cap Indexes	Effective November 24, 2025	Inclusion announced

The institutional validation of the distribution strategy is visible through ownership changes; for example, BlackRock, Inc. added 1,336,492 shares in Q2 2025. Also, the company's inclusion in the MSCI Global Small Cap Indexes effective November 24, 2025, serves as a channel to increase visibility for index-tracking funds.

Finance: draft 13-week cash view by Friday.

Mercurity Fintech Holding Inc. (MFH) - Canvas Business Model: Customer Segments

You're mapping out the core groups Mercurity Fintech Holding Inc. (MFH) serves as of late 2025. Honestly, the customer base is split across two very different worlds: regulated digital finance and high-performance computing infrastructure. We need to look at the hard numbers tied to each group to see where the focus really is.

Institutional investors and asset managers seeking digital asset exposure

This segment is showing clear, measurable interest, especially following the company's inclusion in the Russell 2000 index in August 2025. You've got major players establishing or increasing positions. For instance, recent filings show that during the previous two years, 31 institutional investors and hedge funds held shares of Mercurity Fintech Holding Inc.. As of the latest data, 30.82% of Mercurity Fintech Holding Inc.'s stock is owned by these institutional investors.

We see concrete examples of this capital inflow:

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. held an estimated $5.03M stake as of Q4 2024.
• Vanguard Group Inc. held an estimated $4.68M stake in the same period.
• Millennium Management LLC held an estimated $3.34M stake.
• UBS Group AG held an estimated $1.74M stake.

Furthermore, Mercurity Fintech Holding Inc. actively raised capital from this group, completing a private placement financing that secured around $6 million in gross proceeds, and also announced a registered direct offering aiming to raise approximately $43.7 million. So, the segment is both a shareholder base and a source of direct financing.

High-net-worth individuals and accredited investors

While the public filings heavily emphasize institutional ownership, the company's licensed financial services subsidiary, Chaince Securities, LLC, is a FINRA-registered broker-dealer and RIA. This structure inherently targets accredited investors and high-net-worth individuals (HNWIs) for its brokerage and investment advisory services, bridging traditional finance and digital innovation. Though specific AUM or client count for this group isn't explicitly stated in the latest reports, the regulatory licenses confirm this as a core target for bespoke financial products.

Publicly traded companies needing Solana-based digital asset treasury advisory

Mercurity Fintech Holding Inc. is positioning itself as a key player in the Solana ecosystem for institutional clients. The commitment here is substantial, evidenced by the $200 million Equity Line of Credit Agreement signed with Solana Ventures Ltd. in July 2025 to launch its Solana-based digital asset treasury strategy. This strategy involves accumulating Solana (SOL) and generating yield.

The advisory service aspect is demonstrated by specific engagements:

• Chaince Securities, LLC, a subsidiary, was engaged by Classover Holdings for a Solana-based treasury initiative.
• SKK Holdings appointed Chaince Securities as a strategic advisor for tokenization and digital asset strategy.

The company is also building out its own on-chain strategy, having announced the launch of a $500 million DeFi Basket Treasury, initially focusing on Solana.

Data center operators and enterprises requiring AI/HPC liquid cooling solutions

This infrastructure segment is being addressed through a dedicated entity. Mercurity Fintech Holding Inc. established Aifinity Base Limited in February 2025, a majority-owned subsidiary, to manufacture advanced liquid cooling panels for AI infrastructure and High-Performance Computing (HPC) systems, specifically targeting efficiency for Nvidia® chip-powered GPUs. The initial financial commitment to this joint venture was USD $9.8 million, with Mercurity Fintech Holding Inc. holding a 51% stake. This shows a direct, capital-backed focus on data center operators facing critical thermal management challenges.

Here's a quick look at the investment in this segment:

Metric	Value
JV Formation Date	February 2025
Initial JV Investment (USD)	$9.8 million
Mercurity Fintech Holding Inc. Stake	51%
Target Technology Focus	Liquid cooling panels for Nvidia GPUs

The target customer here is any enterprise or data center operator running high-density computing that needs to reduce electricity costs through improved efficiency hardware, which is a defintely growing niche. Finance: draft 13-week cash view by Friday.

Mercurity Fintech Holding Inc. (MFH) - Canvas Business Model: Cost Structure

You're looking at the cost side of Chaince Digital Holdings Inc. (CD), which is the new name for Mercurity Fintech Holding Inc. (MFH) as of 2025. The cost structure is heavily influenced by its pivot into high-tech infrastructure and regulated financial services, alongside its new on-chain treasury strategy.

High operating expenses from R&D for on-chain financial tools. The push to develop and maintain on-chain financial tools and DeFi strategies necessitates substantial, ongoing Research and Development spending. While the specific 2025 R&D expense is not itemized in the latest public filings, the company's strategic focus on Solana-native DeFi and tokenized asset platforms suggests this line item is a major driver of operating burn. For context on the overall cost pressure, the GAAP net loss for the first half of 2024 was $3,834,465, against revenues of $517,177 for the same period.

Significant capital expenditure on AI/HPC liquid cooling hardware manufacturing. A core component of the CD business now involves AI and High-Performance Computing (HPC) infrastructure, specifically developing liquid cooling solutions for AI data centers. This requires significant upfront capital investment in manufacturing facilities and hardware. The company secured $8 million in follow-on financing in 2025 specifically to accelerate these AI manufacturing innovations, which points directly to CapEx requirements in this area.

Regulatory compliance and legal costs for FINRA-registered operations. The 2025 acquisition of FINRA-registered broker-dealer Chaince Securities means CD must absorb the costs of maintaining compliance within a regulated U.S. environment. These costs include personnel, technology systems for surveillance, and ongoing regulatory fees. For FINRA members generally, projected fee increases between 2025 and 2029 have a Compound Annual Growth Rate (CAGR) estimated between 4.8% or falling to the 3% to 4% range, depending on the fee structure applied. These are recurring, non-negotiable costs for operating the investment banking segment.

General and administrative costs associated with a New York-based, publicly traded company. Being listed on Nasdaq and headquartered in New York City carries inherent, fixed overhead. This includes executive salaries, corporate overhead, public company reporting requirements (like SEC filings), and investor relations expenses. The company maintains a small employee base, listed as 11-50 Employees, which helps control personnel G&A, but public company costs remain fixed regardless of revenue fluctuations.

Interest expense on the $200 million Equity Line of Credit. The July 2025 agreement for a $200 million Equity Line of Credit with 'Solana Ventures Ltd.' is a key financial liability structure. While this is an equity line, meaning draws result in share issuance rather than immediate cash debt, any drawn portion that is not immediately deployed into assets or is subject to specific financing terms could carry an interest component, or the cost is embedded in the discount/warrant structure. The full $200 million is the maximum facility size that influences the potential cost base, though the actual interest expense for 2025 depends on the draw schedule and the specific terms of the credit agreement.

Here's a quick look at the major financial anchors influencing the 2025 cost base:

Cost Driver Category	Associated Financial Figure	Context/Date
Equity Line Facility Size	$200 million	Maximum size of the Solana Treasury Equity Line of Credit (July 2025)
Recent Financing Raised	$8 million	Follow-On Financing to power AI Innovation (2025)
H1 2024 Net Loss	$3,834,465	Illustrates pre-pivot operating cost absorption (H1 2024)
FINRA Fee Growth Projection	4.8% CAGR (or 3% to 4%)	Projected growth in regulatory fees for members (2025-2029)
Company Size Indicator	11-50 Employees	Indicates personnel cost structure for G&A

The company's cost structure is a blend of high-growth technology investment and mandatory regulatory overhead. You'll want to watch the burn rate on the R&D for on-chain tools closely, as that's where the discretionary spending is highest.

• High R&D for on-chain financial tools.
• CapEx for AI/HPC liquid cooling hardware.
• FINRA compliance and legal fees.
• New York public company G&A overhead.
• Potential interest/financing costs on the $200 million line.

Finance: draft 13-week cash view by Friday.

Mercurity Fintech Holding Inc. (MFH) - Canvas Business Model: Revenue Streams

You're looking at the actual money Mercurity Fintech Holding Inc. (MFH) brought in, which is key to understanding its current value proposition. Honestly, the revenue base is still quite small relative to its market aspirations, but the growth rate is notable.

Total annual revenue for 2024 was reported at $1.01 million. This represented a significant jump, showing a 125.92% increase year-over-year from the 2023 total of $445.93 thousand.

For the first half of 2024, GAAP revenues specifically hit USD$517,177, which is a 110.03% increase over the first half of 2023. This shows the momentum building into the full year.

Here's a look at the known components making up that 2024 figure, showing where the money is defintely coming from right now:

Revenue Stream Component	2024 Amount (USD)	Percentage of Total	Context
Total Annual Revenue	$1,007,000	100%	Twelve months ending December 31, 2024.
Business Consulting Revenue	$448,900	44.5%	As specified for 2024 revenue.
Service Fees/Commissions (Implied Remainder)	Approx. $558,100	Approx. 55.5%	The balance of total revenue not attributed to consulting.

The business model relies on several distinct streams, though the consulting piece was the largest confirmed segment for 2024.

• Service fees and commissions from digital asset platforms and brokerage.
• Business consulting revenue, which was $448.9 thousand (44.5%) of 2024 revenue.
• Revenue from the sale of AI/HPC liquid cooling hardware via Aifinity Base JV; this joint venture launched in February 2025 to target liquid-cooling for AI and HPC systems.

Beyond current realized revenue, Mercurity Fintech Holding Inc. has a major potential recurring yield stream tied to its new Solana strategy, announced in July 2025 with a $200 million Equity Line of Credit from Solana Ventures.

This strategy directly feeds into the following projected income:

• Potential recurring yield from staking the Solana (SOL) digital asset treasury (estimated $12 million annually at 6% yield).

If they deploy the full credit line to acquire SOL at an assumed price of $\$25$ per token, they could acquire about 8 million SOL tokens, which would generate that estimated annual yield from staking alone. That potential yield dwarfs the 2024 total revenue of $1.01 million. Finance: draft 13-week cash view by Friday.