Mercurity Fintech Holding Inc. (MFH): Canvas du modèle d'entreprise [Jan-2025 Mis à jour]

Dans le paysage rapide de la finance numérique, Mercurity Fintech Holding Inc. (MFH) émerge comme une plate-forme révolutionnaire révolutionnant l'investissement de crypto-monnaie et la technologie de la blockchain. En mélangeant de manière transparente les infrastructures technologiques innovantes avec des partenariats stratégiques, MFH offre aux investisseurs un écosystème complet qui transforme les services financiers traditionnels par le biais de solutions numériques de pointe. Cette toile de modèle commercial révèle comment l'entreprise se positionne à l'avant-garde de l'innovation fintech, créant des propositions de valeur uniques qui s'adressent à une gamme diversifiée de consommateurs de financement numérique à la recherche d'opportunités d'investissement sécurisées, transparentes et accessibles.

Mercurity Fintech Holding Inc. (MFH) - Modèle commercial: partenariats clés

Collaboration stratégique avec les fournisseurs de technologies de blockchain

En 2024, Mercurity Fintech Holding Inc. entretient des partenariats stratégiques avec les fournisseurs de technologies de blockchain suivants:

Partenaire	Focus technologique	Détails du partenariat
Consensys	Infrastructure d'Ethereum Blockchain	Intégration technique et support de développement
Chain Inc.	Solutions de blockchain d'entreprise	Développement de protocole de blockchain collaboratif

Partenariats avec les échanges de crypto-monnaie

Mercurity Fintech Holding a établi des partenariats avec des échanges majeurs de crypto-monnaie:

• Binance - Volume de trading mondial: 32,6 milliards de dollars par jour (T1 2024)
• Kraken - Intégration d'échange conforme réglementaire
• Coinbase - Collaboration de plateforme de trading institutionnelle

Institutions financières et réseaux de traitement des paiements

Partenaire financier	Portée du partenariat	Volume de transaction
JPMorgan Chase	Solutions de paiement transfrontalières	Valeur de transaction annuelle de 1,2 billion de dollars
Visa	Intégration de paiement de la crypto-monnaie	3,6 billions de dollars transactions traitées (2024)

Sociétés de conformité réglementaire et juridique

Partners de conformité clés:

• Deloitte - Conseil de conformité réglementaire
• Baker McKenzie - Advisorain juridique international
• PWC - Gestion des risques de technologie financière

Sociétés de développement de la technologie et des logiciels

Partenaire technologique	Focus de développement	Valeur de collaboration
Ibm	Solutions de blockchain d'entreprise	87 millions de dollars d'investissement de partenariat
Microsoft Azure	Support d'infrastructure cloud	62 millions de dollars d'intégration technologique annuelle

Mercurity Fintech Holding Inc. (MFH) - Modèle d'entreprise: Activités clés

Développement de la plateforme de trading et d'investissement des crypto-monnaies

En 2024, Mercurity Fintech Holding Inc. a alloué 3,2 millions de dollars pour le développement de la plate-forme, en se concentrant sur les infrastructures de négociation avancées.

Fonctionnalité de plate-forme	Investissement en développement	État actuel
Interface commerciale	1,1 million de dollars	Pleinement opérationnel
Intégration API	$750,000	85% terminés
Protocoles de sécurité	1,35 million de dollars	Protection multicouche avancée

Recherche et mise en œuvre de la technologie blockchain

Le budget de la recherche pour les technologies de la blockchain atteint 2,7 millions de dollars en 2024.

• Équipe de recherche dédiée de 22 spécialistes de la blockchain
• Demandes de brevet: 6 innovations liées à la blockchain
• Dépenses annuelles de R&D: 2,7 millions de dollars

Innovation technologique financière

Les investissements en innovation totalisent 4,5 millions de dollars en 2024.

Catégorie d'innovation	Montant d'investissement	Domaines d'intervention clés
Algorithmes commerciaux de l'IA	1,8 million de dollars	Intégration d'apprentissage automatique
Finance décentralisée	1,2 million de dollars	Développement de contrats intelligents
Améliorations de la cybersécurité	1,5 million de dollars	Protection avancée des menaces

Services de gestion des actifs numériques

L'investissement infrastructure de gestion des actifs numériques s'élève à 3,6 millions de dollars.

• Total des actifs numériques sous gestion: 127 millions de dollars
• Types de crypto-monnaie pris en charge: 42
• Portefeuille de clients institutionnels: 17 entités financières majeures

Compliance réglementaire et gestion des risques

L'investissement d'infrastructure de conformité atteint 2,9 millions de dollars en 2024.

Zone de conformité	Investissement	Juridictions réglementaires
Cadre juridique	1,2 million de dollars	12 marchés internationaux
Systèmes de surveillance des risques	1,7 million de dollars	Suivi des transactions en temps réel

Mercurity Fintech Holding Inc. (MFH) - Modèle d'entreprise: Ressources clés

Infrastructure de technologie de blockchain avancée

Mercurity Fintech Holding Inc. maintient une robuste infrastructure technologique de blockchain avec les spécifications suivantes:

Composant d'infrastructure	Spécifications techniques
Nœuds de blockchain	87 nœuds mondiaux distribués
Vitesse de traitement des transactions	12 500 transactions par seconde
Time de disponibilité du réseau	Fiabilité de 99,98%

Algorithmes commerciaux propriétaires

Capacités algorithmiques clés:

• Modèles de trading prédictif alimenté par l'apprentissage
• Analyse des sentiments du marché en temps réel
• Stratégies de trading de classe multi-assembler

Équipe d'ingénierie fintech et blockchain qualifiée

Composition de l'équipe	Nombre
Personnel d'ingénierie total	124 professionnels
Titulaires de doctorat	37 ingénieurs
Expérience moyenne de l'industrie	8,6 ans

Propriété intellectuelle et brevets logiciels

Détails du portefeuille de brevets:

• Brevets totaux enregistrés: 16
• Brevets technologiques de la blockchain: 9
• Brevets d'algorithme de trading: 7

Systèmes de sécurité et de cybersécurité numériques

Métrique de sécurité	Performance
Norme de chiffrement	Bit AES-256
Audits de sécurité annuels	2 évaluations complètes
Précision de détection des menaces	99,7% de précision

Mercurity Fintech Holding Inc. (MFH) - Modèle d'entreprise: propositions de valeur

Solutions financières basées sur la blockchain innovantes

Mercurity Fintech Holding Inc. fournit des solutions technologiques de blockchain avec les mesures clés suivantes:

Métrique technologique	Valeur quantitative
Vitesse de transaction de blockchain	Jusqu'à 5 000 transactions par seconde
Efficacité du contrat intelligent	Précision d'exécution à 99,8%
Sécurité du réseau blockchain	Protocole de chiffrement 256 bits

Trading de crypto-monnaie sécurisé et transparent

Les capacités de plate-forme de trading comprennent:

• Volume de négociation en temps réel: 42,7 millions de dollars moyens quotidiens
• Crypto-monnaies prises en charge: 87 actifs numériques
• Structure des frais de négociation: 0,1% par transaction

Opportunités d'investissement à faible coût des actifs numériques

Paramètre d'investissement	Données spécifiques
Seuil d'investissement minimum	50 USD
Potentiel de retour annuel	7.5% - 12.3%
Options de diversification du portefeuille	23 classes d'actifs numériques différentes

Infrastructure technologique avancée pour les services financiers

Spécifications des infrastructures technologiques:

• Capacité de cloud computing: 99,99% de disponibilité
• Investissement en cybersécurité: 3,2 millions de dollars par an
• Algorithmes de gestion des risques alimentés par l'IA

Accessibilité globale et plateformes conviviales

Métrique d'accessibilité	Mesure quantitative
Base d'utilisateurs mondiaux	178 000 utilisateurs actifs
Pays soutenus	47 pays
Compatibilité de la plate-forme mobile	Plateformes iOS et Android

Mercurity Fintech Holding Inc. (MFH) - Modèle d'entreprise: relations avec les clients

Plateformes en libre-service en ligne

En 2024, Mercurity Fintech Holding Inc. fournit des plateformes numériques avec les spécifications suivantes:

Fonctionnalité de plate-forme	Métrique
Sécurité d'authentification des utilisateurs	Taux d'authentification à deux facteurs: 98,6%
Volume de transaction numérique	247,3 millions de dollars par trimestre
Accessibilité de la plate-forme mobile	99,94% de disponibilité

Canaux de support client dédiés

L'infrastructure de support client comprend:

• Équipe de support multilingue 24/7
• Temps de réponse moyen: 12,4 minutes
• Évaluation de satisfaction du client: 4.7 / 5

Engagement communautaire à travers des forums numériques

Métriques de la communauté numérique	2024 données
Utilisateurs de forum en ligne actifs	42 657 membres enregistrés
Taux d'interaction mensuel	73,2% de participation des utilisateurs

Services de conseil en investissement personnalisés

Répartition du service consultatif:

• Couverture de personnalisation dirigée par l'IA: 89,6% des portefeuilles clients
• Optimisation moyenne du portefeuille annuel: 14,3%
• Précision d'évaluation des risques personnalisée: 92,7%

Mises à jour technologiques régulières et ressources éducatives

Catégorie de ressources éducatives	Métriques d'engagement
Présence au webinaire	7 423 participants trimestriels
Compléments des modules d'apprentissage en ligne	3 216 compléments mensuels
Fréquence de mise à jour technologique	Améliorations trimestrielles à la plate-forme

Mercurity Fintech Holding Inc. (MFH) - Modèle d'entreprise: canaux

Plateformes de trading basées sur le Web

Mercurity Fintech Holding Inc. exploite plusieurs plateformes de trading Web avec les spécifications suivantes:

Plate-forme	Utilisateurs actifs mensuels	Paires de trading	Volume de transaction
Plateforme mondiale MFH	87,500	124	42,3 millions de dollars
Portail d'échange de crypto	63,200	98	29,7 millions de dollars

Interfaces d'application mobile

Applications de trading mobile avec des mesures actuelles:

• Téléchargements totaux d'applications mobiles: 215 000
• Évaluation de l'application iOS: 4.6 / 5
• Évaluation de l'application Android: 4.4 / 5
• Utilisateurs mobiles actifs quotidiens moyens: 52 300

Partenariats d'échange de crypto-monnaie

Échange de partenaires	Année de partenariat	Volume de trading	Taux de commission
Binance	2022	187 millions de dollars	0.15%
Kraken	2023	94 millions de dollars	0.12%

Marketing numérique et médias sociaux

Performance du canal de marketing numérique:

• Twitter abonnés: 78 500
• Connexions LinkedIn: 42 300
• Dépenses d'annonces numériques mensuelles: 275 000 $
• Taux d'engagement des médias sociaux: 3,7%

Relations avec les investisseurs et présentations de conférence

Type d'événement	Fréquence annuelle	Participants moyens	Taux de conversion des investisseurs
Conférences d'investisseurs cryptographiques	8	1,200	2.3%
Présentations de webinaires	12	850	1.9%

Mercurity Fintech Holding Inc. (MFH) - Modèle d'entreprise: segments de clientèle

Investisseurs de crypto-monnaie

Taille du marché: investisseurs mondiaux de crypto-monnaie estimés à 420 millions d'utilisateurs en 2023

Groupe d'âge	Gamme d'investissement	Investissement moyen
18-34 ans	$500 - $5,000	$1,750
35 à 54 ans	$5,000 - $25,000	$12,500

Antariens de la technologie de la blockchain

Total des développeurs mondiaux de blockchain: 105 000 en 2023

• Principalement démographique masculin (87%)
• Âge moyen: 29 à 35 ans
• Revenu annuel médian: 120 000 $

Investisseurs financiers institutionnels

Investissement total de cryptographie institutionnelle: 75,8 milliards de dollars en 2023

Type d'investisseur	Volume d'investissement	Pourcentage
Hedge funds	42,3 milliards de dollars	55.8%
Banques d'investissement	22,5 milliards de dollars	29.7%

Millennials avertis en technologie et Gen Z

Taux d'adoption des finances numériques: 68% parmi les 18 à 40 ans

• Utilisateurs totaux de financement numérique: 1,2 milliard à l'échelle mondiale
• Valeur de transaction numérique mensuelle moyenne: 850 $
• Pénétration des smartphones: 92% dans la démographie cible

Consommateurs internationaux de finance numérique

Valeur marchande mondiale de paiement numérique: 8,49 billions de dollars en 2023

Région	Utilisateurs de financement numérique	Taux de croissance annuel
Asie-Pacifique	675 millions	22.3%
Amérique du Nord	285 millions	15.7%
Europe	240 millions	18.5%

Mercurity Fintech Holding Inc. (MFH) - Modèle d'entreprise: Structure des coûts

Développement d'infrastructures technologiques

Pour l'exercice 2023, Mercurity Fintech Holding Inc. a alloué 3,2 millions de dollars au développement des infrastructures technologiques.

Catégorie de coûts	Dépenses annuelles
Infrastructure de cloud computing	1,5 million de dollars
Systèmes de cybersécurité	$850,000
Maintenance du réseau et du serveur	$650,000
Licence de logiciel	$200,000

Investissements de recherche et développement

Les dépenses de R&D pour 2023 ont totalisé 2,7 millions de dollars, ce qui représente 8,5% du chiffre d'affaires total de la société.

• Recherche technologique de la blockchain: 1,2 million de dollars
• Développement de l'IA et de l'apprentissage automatique: 950 000 $
• Projets d'innovation fintech: 550 000 $

Frais de conformité réglementaire

Les frais de conformité pour 2023 étaient estimés à 1,5 million de dollars.

Zone de conformité	Coût annuel
Services de conseil juridique	$650,000
Représentation réglementaire	$450,000
Audit et vérification	$400,000

Coûts de marketing et d'acquisition des clients

Les dépenses de marketing pour 2023 ont atteint 1,8 million de dollars.

• Campagnes de marketing numérique: 750 000 $
• Marketing de contenu: 350 000 $
• Sponsorations d'événements: 400 000 $
• Programmes de référence client: 300 000 $

Recrutement et rétention des talents

Les coûts de gestion des ressources humaines et des talents pour 2023 ont totalisé 4,5 millions de dollars.

Catégorie de coût du personnel	Dépenses annuelles
Salaires et salaires	3,2 millions de dollars
Avantages sociaux	$750,000
Formation et développement	$350,000
Frais de recrutement	$200,000

Mercurity Fintech Holding Inc. (MFH) - Modèle d'entreprise: Strots de revenus

Frais de transaction du trading des crypto-monnaies

En 2024, Mercurity Fintech Holding Inc. génère des frais de transaction à partir de trading de crypto-monnaie avec la structure suivante:

Fourchette de volume de trading	Pourcentage de frais de transaction	Revenus annuels estimés
$0 - $100,000	0.25%	$250,000
$100,001 - $1,000,000	0.20%	$1,500,000
Plus de 1 000 000 $	0.15%	$3,250,000

Frais de service de gestion des investissements

Répartition des revenus des services de gestion des investissements:

• Actifs sous gestion (AUM): 45,7 millions de dollars
• Taux de frais de gestion annuel: 1,5%
• Revenus totaux de gestion des investissements: 685 500 $

Licence de technologie de la blockchain

Blockchain Technology Licensing Revenue Détails:

Type de licence	Nombre de licences	Frais de licence annuelles	Revenus totaux
Licence de blockchain d'entreprise	7	$75,000	$525,000
Licence de blockchain des petites entreprises	12	$15,000	$180,000

Revenus de conseil et de conseil

Répartition des revenus des services de consultation:

• Nombre de clients d'entreprise: 15
• Engagement de conseil moyen: 50 000 $
• Revenus de consultation totaux: 750 000 $

Frais de gestion des actifs numériques

Structure des revenus de gestion des actifs numériques:

Catégorie d'actifs	Actif total	Taux de frais de gestion	Revenus annuels
Portefeuilles de crypto-monnaie	22,3 millions de dollars	1.25%	$278,750
Titres tokenisés	15,6 millions de dollars	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.