Fold Holdings has expanded its bitcoin treasury with the purchase of 10 additional BTC at an average price of $87,500 per coin. The move underscores Fold’s long-term commitment to bitcoin as a core treasury asset.
Fold Holdings Expands Bitcoin Treasury to 1,010 BTC With New Purchase
This article was published more than a year ago. Some information may no longer be current.
WRITTEN BY
SHARE
Fold Holdings Adds 10 Bitcoin to Treasury, Reinforcing Long-Term BTC Strategy
Fold Holdings Inc., a bitcoin financial services company, has announced the acquisition of 10 additional bitcoin at an average price of $87,500 per BTC, including fees and expenses. This latest purchase reinforces Fold’s long-term strategy of holding bitcoin as a core treasury asset.
With this acquisition, Fold solidifies its position among the top 15 corporate bitcoin treasuries in the U.S., further aligning with its mission of advancing bitcoin adoption in everyday financial transactions.
The company, best known for its BTC rewards debit card and zero-fee BTC purchases, has built a strong presence in the market by enabling users to earn, buy, and spend bitcoin effortlessly.
“Fold remains dedicated to integrating bitcoin into our business and treasury strategy. We believe in bitcoin’s long-term potential and plan to continue to accumulate as we endeavor to build the future of bitcoin-powered finance,” said Will Reeves, Fold CEO.
The announcement follows Fold’s recent Nasdaq listing under the ticker “FLD”, offering investors direct exposure to a company that champions BTC as the future standard for savings and payments. With institutional bitcoin adoption on the rise, Fold’s latest move signals confidence in bitcoin’s long-term value proposition.
