Fold Increases Bitcoin Holdings by $41 Million
- Fold added 475 BTC to its treasury, valued at approximately $41 million.
- Total Bitcoin holdings now exceed 1,485 BTC, worth nearly $130 million.
- The company utilized convertible notes for funding the purchase.
- Fold is publicly traded on Nasdaq under the ticker FLD.
- Customers have received over $20 million in Bitcoin rewards from Fold’s services.
Fold has significantly bolstered its Bitcoin reserves by acquiring an additional 475 BTC, bringing its total to more than 1,485 BTC. This move aligns with their strategy of utilizing convertible notes for such purchases.
Source (2.6)https://decrypt.co/309135/publicly-traded-bitcoin-firm-fold-adds-41-million-in-btc-to-reserve?rand=52368
