Fold buys 475 Bitcoin, enters top 10 of US companies holding BTC

Fold Holdings added 475 bitcoin to his corporate treasure, increasing his total assets to more than 1,485 BTC.

Acquisition, made through a convertible note The program with a conversion price of $ 12.50 per share – more than double closing prices of March 5 of the FLD – places among the 10 best American public companies with the largest bitcoin (BTC) Treasure.

This means that Bitcoin Holdings of Fold is currently worth more than $ 135 million.

Feed the “next generation” of financial services

The flagship product of the company, the Fold application, allows users to win Bitcoin rewards on daily purchases thanks to its debit and credit card offers.

This approach resonated with consumers who seek to accumulate bitcoin As part of their regular expenditure habits.

“As the first Bitcoin financial service company listed in the balance sheet, we believe that maintaining a significant bitcoin treasure stimulates not only the value of our shareholders, but also reinforces our capacity to fuel the next generation of financial services built on Bitcoin,” said CEO of Fold Reeves.

Fold Officially become public on the Nasdaq under the Ticker’s “FLD” in February, increasing its visibility and Authorize investors To get involved with your Bitcoin -based vision. The NASDAQ plans to introduce 24/5 exchanges, allowing investors to exchange actions permanently from Sunday evening to Friday evening.

At the time of writing the editorial staff, Fold’s actions are negotiated at $ 8.18 per share.