Key Points
- Fold Holdings has acquired an additional 10 Bitcoin, increasing its total holdings to over 1,000.
- The company has also listed on the Nasdaq under the ticker “FLD”.
Fold Holdings, Inc., a financial services company that deals with Bitcoin, recently added 10 more Bitcoin to its corporate treasury.
The acquisition, which was done at an average price of roughly $87,500 per Bitcoin, has increased the firm’s total Bitcoin holdings to over 1,000.
Fold’s Mission and Services
Fold was established with the aim of making Bitcoin more accessible.
The company provides services that incorporate Bitcoin into daily financial activities.
This recent acquisition demonstrates Fold’s dedication to integrating Bitcoin into its financial strategy and its belief in the cryptocurrency’s long-term value.
Fold’s main product, the Fold app, enables users to earn Bitcoin rewards on everyday purchases via its debit and credit card offerings.
This strategy has been well-received by customers who want to accumulate Bitcoin as part of their usual spending habits.
Fold’s Nasdaq Listing
Fold has recently gone public on the Nasdaq under the ticker “FLD”.
This has increased its visibility and allows investors to participate in its Bitcoin-centric vision.
This listing is indicative of a wider trend of cryptocurrency companies entering traditional financial markets, suggesting increased acceptance of digital assets.
Earlier, Fold expanded its Bitcoin treasury, in line with industry trends of corporations adding Bitcoin to their balance sheets.
It’s worth noting that Strategy has purchased nearly $2 billion worth of Bitcoin, bringing its total holdings to approximately 499,096 Bitcoin, reflecting growing corporate confidence in the cryptocurrency.
Fold’s CEO, Will Reeves, reiterated the company’s commitment to integrating Bitcoin into its strategy, placing Fold among the top corporate Bitcoin treasuries in the U.S.
As of February 26, 2025, Fold’s stock is trading at $5.88.