Key Takeaways
- Fold acquires 10 more Bitcoin at an average price of $87,500.
- The company now holds over 1,000 BTC in its treasury.
- Fold recently went public on Nasdaq under the ticker 'FLD'.
Fold Holdings, Inc. (NASDAQ: FLD) has acquired an additional 10 Bitcoin for its corporate treasury, bringing its total holdings to over 1,000 BTC.
The latest purchase was made at an average price of $87,500 per Bitcoin, including fees and expenses.
Strategic commitment to Bitcoin
This move reinforces Fold’s strategy of holding Bitcoin as a core treasury reserve and highlights its commitment to long-term Bitcoin adoption.
With this acquisition, Fold ranks among the top 15 corporate Bitcoin treasuries in the U.S.
Public listing on Nasdaq
The announcement follows Fold’s recent public listing on Nasdaq under the ticker “FLD.”
The listing allows investors to gain exposure to the company’s vision of integrating Bitcoin into mainstream financial products.
CEO’s vision
Will Reeves, CEO of Fold, said:
Fold remains dedicated to integrating Bitcoin into our business and treasury strategy. Like our customers, we aim to take advantage of opportunities to add Bitcoin and expect to continue to build our treasury opportunistically going forward.
Leadership in Bitcoin financial services
Fold positions itself as a leader in Bitcoin financial services, offering Bitcoin rewards and investment products.
As Bitcoin adoption grows, the company aims to expand access to Bitcoin-based financial solutions.
