What You Need to Know

• Fold has secured an equity purchase facility valued at up to $250 million to enhance its bitcoin holdings.
• The facility enables Fold to use the majority of the funds to expand its bitcoin treasury, which currently contains 1,490 BTC.

Fold (FLD), a publicly listed company focused on bitcoin financial services, has announced the acquisition of an equity purchase facility of up to $250 million to augment its bitcoin assets. Based in Arizona, the company revealed it has entered into an agreement that permits it to issue and sell shares worth up to $250 million, contingent on regulatory conditions.

If this arrangement is implemented, most of the proceeds will be utilized for increasing Fold’s corporate bitcoin treasury, which already has 1,490 BTC in custody. The financial arrangement was facilitated by Cohen & Company Capital Markets, a branch of J.V.B. Financial Group, LLC.

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