Fold Holdings (ticker FLD), the parent company behind the Fold Bitcoin wallet and app, has secured a $250 million equity purchase facility to expand its Bitcoin treasury, according to an announcement on Tuesday.
The firm says it has “entered into an agreement” to sell up to $250 million worth of newly issued shares to fund its Bitcoin acquisition strategy.
“The Company is not required to use the Facility and controls the timing and amount of any drawdown,” the announcement reads, implying no coins have been purchased as of the date of its filing with the U.S. Securities and Exchange Commission.
Like many recent crypto corporate treasury firms — such as 21 Capital and Nakamoto, both of which took cues from Michael Saylor’s BTC acquisition vehicle, Strategy — Fold is funding its purchase through private placements, which effectively turn its stock into a leveraged play on the price of Bitcoin.
Fold, launched in 2019, began as a wallet company and has since expanded into broader financial services, including the Fold Card — a debit card offering Bitcoin cashback rewards — and a Bitcoin treasury strategy. It has entered into at least one other convertible note agreement to purchase 475 BTC.
According to Bitcoin Treasuries, Fold holds approximately 1,488 BTC worth some $157.23 million, making it one of the larger publicly traded Bitcoin treasury firms.
Fold went public in 2024 through a SPAC merger with Nasdaq-traded FTAC Emerald Acquisition Corp., at a pre-money valuation of $365 million. At the time, it held an estimated 1,000 BTC.
FLD was trading at $4.71 on Tuesday, up 0.43% from around $4.31 at market open, according to The Block’s price data.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
