Fold announced the addition of 475 bitcoin to its treasury. The addition marks a nearly 50% increase in Fold’s bitcoin holdings, which now stands at over 1,485 BTC. Fold acquired the additional bitcoin in exchange for the issuance of a convertible note with a conversion price of $12.50 per share. This latest bitcoin acquisition solidifies Fold’s position among the top ten U.S. public companies with the largest bitcoin treasuries, reinforcing its strategy to align with the future of a bitcoin-native financial system.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FLD: