Bitcoin Cash Rallies 10% as mF International Raises $500M to Buy BCH While Bitcoin Hyper Presale Soars

Bitcoin Cash has been unaffected by the crypto market’s recent turbulence. It’s currently trading at $528, up 10% today, 10% this week, and 11.2% this month. Considering Bitcoin is down 21% this month, and Ethereum is down 28%, this represents major relative strength.

It stems from a range of converging narratives, market dynamics, and growing institutional appetite. But today’s pump appears to have one main driving force: Hong Kong-based fintech company mF International raised $500 million for a Bitcoin Cash treasury.

The move follows a long list of digital asset treasury (DAT) formations across major cryptocurrencies, including Bitcoin, Ethereum, Solana, and XRP. However, given Bitcoin Cash’s lower market capitalization and the size of this recent fundraise, it’s having an asymmetric impact on BCH’s performance.

As Bitcoin Cash builds momentum, demand has also ramped up for Bitcoin Hyper, a new Bitcoin Layer 2 that turns BTC into programmable money. Right now, the project is in a presale, having raised an impressive $28.3 million.

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mF International Announces $500M Raise For BCH Treasury

mF International, a Hong Kong-based financial services firm, announced on Friday that it had raised $500 million to buy BCH. The firm sold 50 million Class A ordinary shares and pre-funded warrants to accredited institutional investors at $10.00 per share.

The capital will primarily be used to acquire Bitcoin Cash and establish a digital asset treasury, while the remaining funds will be allocated to operational and general corporate costs.

mF International has approximately 20 years of experience providing institutional forex and commodities trading platform solutions across China, Hong Kong, and Southeast Asia.

The Nasdaq-listed company has a market capitalization of just $18.9 million and has risen 3.07% over the last 24 hours. However, its price remains down 48% this week.

Another major update in the Bitcoin Cash news cycle was that developer Jason Dreyzehner announced an end-to-end implementation of Quantumroot, a post-quantum vault for CashVM.

Quantumroot is expected to be the first fully implemented, integration-ready post-quantum vault system built directly in Bitcoin Script. “It reinforces BCH’s position as a multi-decade reserve asset,” Dreyzehner said

Concerns surrounding quantum computing threats to blockchains have increased following Google’s “major algorithmic breakthrough” with its quantum chip Willow last month. Ethereum Co-Founder Vitalik Buterin then warned that quantum computing could “break” crypto as early as 2028.

Bitcoin Cash’s mix of institutional appeal and quantum readiness provides a strong, sticky narrative, not only separating it from other cryptocurrencies but also positioning it as a long-term contender in an increasingly uncertain technological landscape.

Yet, as Bitcoin Cash gains momentum, demand for Bitcoin Hyper has also surged. It’s another Bitcoin-linked project that’s on the cusp of technological innovation, building a Bitcoin Layer 2 blockchain. But while BCH is worth $10 billion today, Bitcoin Hyper is still available to buy at the ground floor via a presale.

Next 100x Crypto? Bitcoin L2 Bitcoin Hyper Raises $28.3M at Presale

While Bitcoin Cash attracts institutional interest, Bitcoin Hyper’s fundraising momentum is happening on-chain. The project is currently running a publicly available presale, which has raised a staggering $28.3 million, making it one of the top ICOs on the market today.

Bitcoin Hyper’s goal is compelling: turn Bitcoin into a dynamic hub for DeFi and on-chain activity. That’s why its presale is pumping.

Bitcoin is limited to 7 transactions per second (TPS) and doesn’t support smart contracts, leaving only use cases such as sending and receiving payments. Meanwhile, Bitcoin Hyper runs on the Solana Virtual Machine (SVM), enabling it to compute thousands of TPS and support advanced on-chain operations.

This means use cases like DeFi, tokenization, stablecoins, meme coins, and even crypto gaming could make their way to Bitcoin Hyper soon.

Indeed, Bitcoin Hyper isn’t the only Bitcoin Layer 2, but it will be the first to launch under SVM, providing a significant speed advantage. This is helping fuel presale momentum and attracting analysts like Borch Crypto, who suggests HYPER has 100x potential.

The current HYPER presale rate is $0.013315, but this will rise throughout the campaign, with the next uptick expected within the next 2 days.

Bitcoin Hyper’s combination of early-stage status, innovative development, and community support signals that it could be one of the best cryptos to buy today.