Fold Holdings is announcing that it has acquired 475 more Bitcoin (BTC), increasing its total holdings to over 1,485 BTC.
According to a new press release, the acquisition ups Fold’s BTC treasury by nearly half, launching the company into the top ten US public companies in terms of Bitcoin holdings.
[adinserter block="1"]According to the press release, the purchase was made through a convertible note, offering a conversion price of $12.50 per share.
In the announcement, CEO Will Reeves underscored Fold’s commitment to advancing Bitcoin financial services.
“We believe Bitcoin will play a key role in the foundation of a new financial era, and Fold will help lead the way. As the first publicly traded bitcoin financial services company, we believe maintaining a significant bitcoin treasury not only drives value for our shareholders, but more importantly, strengthens our ability to power the next generation of financial services built on Bitcoin.
Fold’s Bitcoin treasury serves a dual purpose: providing value to investors seeking bitcoin exposure, while acting as a corporate strategic reserve to support our growing suite of Bitcoin-native financial products. We remain committed to building a bridge between traditional finance and the Bitcoin economy and ensuring our users benefit from Bitcoin’s long-term appreciation and utility.”
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