Fold Increases Its Holdings by 475 BTC, Ranking It Among the Top 10 Publicly Traded US Companies with Bitcoin-Backed Treasuries
With over 1,485 BTC in circulation, Fold cements its position as a leader in Bitcoin-based financial services.
James Van Straten, CoinDesk Bot | Edited by Parikshit Mishra Updated Mar 7, 2025 1:35 PM UTC Published Mar 7, 2025 1:24 PM UTC
Key facts:
- Bitcoin Fold Treasury increased by almost 50% to over 1,485 BTC after purchasing 475 BTC through a convertible bond.
- This confirms its position among the leading US public companies with the largest Bitcoin holdings, highlighting its commitment to Bitcoin-based financial services.
Fold Holdings, Inc. (NASDAQ: FLD) increased its Bitcoin (BTC) balance by 475 BTC, bringing its total assets to more than 1,485 BTC.
The move ensures Fold's place among the top ten public companies in the U.S. with the most significant treasury holdings of bitcoin.
By acquiring bitcoin through convertible bonds at a 100% premium, Fold is furthering its strategy to integrate traditional finance with the bitcoin economy.
CEO Will Reeves noted the company's commitment to increasing shareholder value and supporting Bitcoin-based financial services as its adoption grows around the world.
“We believe Bitcoin will play a vital role in shaping a new era of finance, and Fold will help facilitate that process,” said Will Reeves, CEO of Fold.
Disclaimer : Portions of this article were generated by AI tools and reviewed by our editorial team to ensure accuracy and adhere to our standards. For more information, see CoinDesk's full AI policy.
