Fold Acquires 475 BTC to Enhance Corporate Reserve
- Fold purchased an additional 475 BTC, valued at approximately $41 million.
- The company’s total Bitcoin holdings now amount to 1,485 BTC.
- Total Bitcoin reserves are valued at nearly $130 million based on current market rates.
- Fold used convertible bonds to fund the acquisition.
- Will Reeves is the CEO of Fold.
Fold has expanded its Bitcoin reserve by acquiring an additional 475 BTC, bringing its total holdings to 1,485 BTC, valued at nearly $130 million. The purchase was funded through convertible bonds, underscoring the company’s strategic commitment to Bitcoin as a financial asset.
Source (2.6)https://hodl.press/fold-acquires-475-btc-to-boost-corporate-reserve/?rand=24434
