Fold Increases Bitcoin Holdings by 475 BTC, Rises to Top 10 in U.S. Treasuries
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Fold Increases Bitcoin Holdings by 475 BTC, Rises to Top 10 in U.S. Treasuries

Fold Holdings expands its BTC treasury to over 1,485 BTC, enhancing its status in the bitcoin financial landscape.

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What You Need to Know:

  • Fold’s bitcoin treasury has expanded by nearly 50%, amassing over 1,485 BTC after acquiring an additional 475 BTC through a convertible note.
  • This acquisition places Fold among the top 10 U.S. public companies in terms of bitcoin reserves, reaffirming its dedication to bitcoin-centric financial solutions.

Fold Holdings, Inc. (NASDAQ: FLD) has boosted its bitcoin (BTC) treasury by 475 BTC, elevating its total to more than 1,485 BTC. This strategic move secures Fold’s rank within the top ten U.S. public companies with the largest bitcoin holdings.

In acquiring bitcoin via a convertible note at a 100% premium, Fold fortifies its approach to merging traditional financial systems with the bitcoin market. CEO Will Reeves emphasized their commitment to enhancing shareholder value and fostering bitcoin-native financial services as global adoption of bitcoin continues.

“We believe Bitcoin will play a key role in the foundation of a new financial era, and Fold will help lead the way,” said Will Reeves, CEO of Fold.

Disclaimer: Portions of this article were generated with AI tools and thoroughly reviewed for accuracy. For further details, please see CoinDesk’s full AI Policy.

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