mF International Limited announced a $500 million private placement of 50 million Class A ordinary shares at $10.00 per share, a transaction that will provide the company with net proceeds of $500 million before offering expenses.
The placement is expected to close on or around December 1 2026, a clarification that resolves the earlier discrepancy between sources that cited December 1 2025. The announcement itself was made on November 21 2025, making this a new event for the reporting period.
Proceeds will be directed primarily toward building a corporate digital‑asset treasury, with a focus on acquiring Bitcoin Cash (BCH) and potentially other digital assets. Remaining funds will support working capital, general corporate purposes, and ongoing product development, including the company’s AI‑driven platform roadmap.
The transaction follows a modest $5.7 million IPO in April 2024 and a $1.0 million unsecured loan from controlling shareholder Fire Lucky Investment Co., Ltd. The capital raise is a significant expansion relative to the company’s prior market capitalization, which has been reported between $18 million and $30 million. The move signals a strategic pivot from a core brokerage‑software business to a broader financial‑technology and digital‑asset ecosystem, leveraging the company’s existing client base in Hong Kong, mainland China, and Southeast Asia.
Market participants responded positively to the announcement, citing the scale of the capital infusion and the company’s entry into the digital‑asset treasury space as key catalysts. The transaction underscores mF International’s ambition to diversify revenue streams and capitalize on the growing institutional interest in corporate treasury holdings of digital assets, while also exposing the company to the volatility inherent in cryptocurrency markets.
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