The US-listed company MFI will conduct a $500 million PIPE private sale, with the funds to be used for purchasing BCH and others.

According to Techub News, U.S. listed company Mf International (Nasdaq: MFI) announced a private placement (PIPE) of $500 million to qualified institutional investors, intending to sell 50,000,000 shares of Class A common stock and pre-paid warrants at a price of $10.00 per share, with the transaction expected to complete delivery around December 1. The company stated that the net proceeds of this round will mainly be used to purchase Bitcoin Cash (BCH) and establish a digital asset treasury operation, with the remaining funds allocated for working capital and general corporate purposes.

Mf International's main shareholders are a mix of individuals and institutions, with the largest controlling party being Gaderway Investments Limited, which holds more than 68% of the voting rights in the latest disclosure, effectively controlling the company's major decision-making power. Additionally, there is a group of internationally renowned quantitative and financial institutional shareholders, including Hrt Financial, Citadel Advisors, Two Sigma Securities, Virtu Financial, and Clear Street. Mf International has both local holding backgrounds and global quantitative and liquidity participants.