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Date: 2025-02-26 15:58:02
Bitcoin financial services provider Fold Holdings, Inc. has expanded its corporate treasury with an additional acquisition of 10 bitcoin.
The acquisition, carried out at an average price of roughly $87,500 per bitcoin, raises Fold's total bitcoin holdings to over the 1,000 bitcoin mark.
Established with the goal of making Bitcoin (BTC) more attainable, Fold delivers services intended to merge the cryptocurrency into routine financial transactions.
This latest action underscores the company's dedication to incorporating bitcoin into its financial planning and showcases its faith in the cryptocurrency's lasting worth.
Fold's primary offering, the Fold app, enables users to earn bitcoin rewards on daily purchases through its debit and credit card options. This method has struck a chord with consumers eager to accrue Bitcoin effortlessly as part of their regular spending routines.
Fold has debuted on the Nasdaq under the ticker "FLD," enhancing its profile and enabling investors to participate in its bitcoin-centered mission. This listing aligns with an increasing trend of cryptocurrency companies joining traditional financial markets, representing growing acceptance of digital assets.
Previously, Fold boosted its Bitcoin treasury, following industry patterns in which corporations are incorporating Bitcoin into their balance sheets.
Notably, another company has amassed nearly $2 billion worth of bitcoin, raising its overall holdings to roughly 499,096 bitcoin, demonstrating growing corporate confidence in the cryptocurrency.
CEO Will Reeves emphasized the company's commitment to integrating bitcoin into its strategy, placing Fold among the leading corporate bitcoin treasuries in the United States.
As of February 26, 2025, Fold's stock is trading at $5.88.
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