Fold Acquires 475 Bitcoin, Joins Top 10 US Companies Holding BTC

Fold Holdings has made a significant move by purchasing an additional 475 Bitcoin, bringing its total Bitcoin holdings to over 1,485 BTC. This acquisition, made through a convertible note issuance with a conversion price of $12.50 per share—more than double the price of Fold’s stock at its March 5 closing price—has propelled Fold into the ranks of the top 10 U.S. public companies holding the largest Bitcoin treasuries. As of now, Fold’s Bitcoin holdings are valued at over $135 million.

Fold’s acquisition of more Bitcoin aligns with its broader vision of being a leader in Bitcoin-focused financial services. The company’s flagship product, the Fold app, allows users to earn Bitcoin rewards through everyday purchases made with its debit and credit card offerings. This service has gained traction with consumers who want to accumulate Bitcoin passively as part of their regular spending habits, positioning Fold as a key player in the intersection of traditional finance and the growing Bitcoin economy.

Will Reeves, CEO of Fold, emphasized the strategic importance of maintaining a significant Bitcoin treasury, stating that it not only benefits shareholders but also strengthens Fold’s ability to build and power the “next generation” of financial services based on Bitcoin. As the first publicly traded Bitcoin financial services company, Fold aims to tap into the long-term value proposition of Bitcoin while providing practical solutions for users to earn and hold Bitcoin seamlessly.

Fold went public on the Nasdaq under the ticker symbol “FLD” in February, which has significantly increased its visibility and attracted investors interested in Bitcoin-driven financial innovations. The company’s move into the spotlight comes at a time when the market is shifting towards greater integration between traditional finance and digital assets.

Additionally, Nasdaq’s plans to introduce 24/5 continuous trading may further benefit companies like Fold, as it could allow more flexibility for investors to trade stocks related to Bitcoin and other digital assets during extended hours. This aligns with the increasing trend of integrating digital currencies into mainstream financial products and services.

At the time of writing, Fold’s stock is trading at $8.18 per share, reflecting a steady market position as the company continues to build its presence in both the financial services and Bitcoin markets. With its significant Bitcoin holdings, strategic vision, and innovative approach to financial services, Fold is positioning itself as a key player in the evolving landscape of digital asset adoption.