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Fold Holdings Secures $250 Million Equity Deal to Expand Bitcoin Treasury

  • Fold Holdings, Inc. secures a $250 million equity purchase agreement to increase its bitcoin holdings.
  • Fold Holdings has the option to issue and sell up to $250 million in new common stock, subject to certain conditions.
  • The company plans to use the funds to acquire additional bitcoin for its corporate treasury.
  • The shares will be issued through a private placement, with a registration statement to be filed with the SEC.
  • Fold recently launched a Bitcoin gift card to enter the U.S. retail gift card market, aiming for nationwide expansion.
  • The gift card allows consumers to purchase and gift bitcoin through retail channels.
  • Fold's CEO, Will Reeves, anticipates Bitcoin becoming a popular gift in America by the end of 2025.

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