Mercury Fintech has moved to strengthen its crypto presence with a $200 million credit line aimed at building a Solana treasury. The Nasdaq-listed firm, valued at $3.5 billion, is aligning itself with other institutional players tapping into the growing Solana ecosystem.

Mercury Fintech Signs $200M Credit Deal With Solana Ventures

Mercury Fintech Holding (NASDAQ: MFH) has entered into a $200 million equity line of credit with Solana Ventures. This funding will support a treasury strategy focused on acquiring SOL, the native asset of the Solana blockchain.

According to the official release, MFH plans to use the funds to build a long-term SOL position. The firm will participate in validator operations, staking, and decentralized finance (DeFi) activities within the Solana network. It also intends to allocate capital to tokenized finance products and on-chain real-world asset projects.

Wilfred Daye, Chief Strategy Officer at MFH, stated: “We are leveraging Solana’s fast and cost-efficient network to access tokenized assets and real-time settlement tools.” The company has not provided a fixed timeline for asset accumulation, but noted that capital deployment will be incremental.

MFH Stock and Solana Record Price Gains Following Announcement

The announcement led to positive movement in both MFH stock and Solana’s price. Based on TradingView data, MFH shares climbed over 2%, reaching around $5. The stock has gained over 36% in the last five days and 35% over the past month.

Meanwhile, Solana also recorded a strong performance. CoinMarketCap data shows SOL rose by 5.46% to $191.70 in the last 24 hours. The surge pushed Solana’s market cap above $100 billion, with 24-hour trading volume jumping 69.44% to $8.69 billion.

This development places MFH among a growing list of public companies increasing crypto exposure through blockchain-native assets and protocols.

Institutional Interest in Solana Treasury Products Grows

Institutional investment in Solana is rising. ReserveOne, a digital asset firm, recently disclosed plans for a $1 billion crypto treasury that includes both Solana and Bitcoin. The project has backing from Kraken and Blockchain.com.

In the previous month, Sol Strategies filed the listings at U.S. SEC on a Nasdaq exchange under ticker STKE. The stocks of the company rose by 4.9% after the news. These incidents point to a continuous situation in which institutional treasuries are gravitating toward high-performance chains such as Solana.

The plan by Mercury Fintech to have a 200 million treasury on Solana represents a growing amount of confidence in decentralized systems as part of a contemporary financial plan. With a valuation of $3.5 billion, the company is adding strength to this claim, making it one of the more active fintechs in the blockchain-based asset and infrastructure sector.