Fold Holdings Acquires, a US-based Bitcoin (BTC) financial services firm, announced today the addition of 475 BTC to its corporate treasury. This acquisition positions Fold Holdings among the top 10 US public companies with the most significant Bitcoin reserves.
Fold Acquires 475 BTC
Bitcoin adoption among corporations continues to snowball, as Nasdaq-listed Fold has acquired another 475 BTC. This latest purchase marks nearly a 50% increase in the company’s total bitcoin holdings, now slightly more than 1,485.
Notably, the firm financed its BTC acquisition by issuing a convertible note at a 100% premium with a conversion price of $12.50 per share. Commenting on the development, Fold CEO Will Reeves stated:
We believe Bitcoin will play a key role in the foundation of a new financial era, and Fold will help lead the way. As the first publicly traded bitcoin financial services company, we believe maintaining a significant bitcoin treasury drives value for our shareholders and, more importantly, strengthens our ability to power the next generation of financial services built on bitcoin.
Reeves further emphasized that Fold’s Bitcoin corporate treasury serves a dual purpose. It provides value to investors seeking BTC exposure and functions as a strategic reserve to support the firm’s Bitcoin-native financial products. Fold’s share price (FLD) surged by more than 27% yesterday, closing the day at $7.71. However, in pre-market trading, the stock has dipped slightly to $7.50 at the time of writing. On a year-to-date basis, FLD remains down by over 30%.
Trump Creates Bitcoin Reserve
Yesterday, US President Donald Trump signed an executive order to create a Strategic Bitcoin Reserve (SBR) and a Digital Asset Stockpile. Establishing an SBR further legitimizes BTC as a reliable store of value, now recognized by the world’s largest economy. The formation of a US SBR is expected to trigger a domino effect, prompting other nations to establish their own BTC reserves to accumulate ‘digital gold.’ Countries like El Salvador and Bhutan already hold significant BTC reserves. As nation-states increasingly embrace Bitcoin as an asset class, corporations worldwide will likely follow suit. Michael Saylor’s Strategy currently ranks first among public companies in terms of BTC holdings, with more than 440,000 BTC, according to CoinGecko data.
Yesterday, Brazilian fintech and publicly traded company Meliuz announced that it had allocated 10% of its total cash reserves to BTC. Similarly, Mexican billionaire Ricardo Salinas recently disclosed that 70% of his portfolio is allocated to BTC and related investments. Worries remain on BTC’s volatility as some people question whether it resembles a reliable store of value more than a mere speculative asset. BTC currently trades for $90,192, reflecting an increase of 0.5% over the last 24 hours.
Final thoughts
The article showcases a significant achievement for Fold Holdings. This Bitcoin financial services company in the US has purchased an additional 475 BTC, which takes its Bitcoin corporate treasury to over 1,485 BTC. Having Fold included among America’s top 10 publicly traded companies with the most significant Bitcoin holdings is quite an achievement. It demonstrates the growing trend of corporate adoption of Bitcoin. Fold’s increase of nearly 50% in Bitcoin holdings makes it the leading company in the transition towards a digital asset-based economy. In the words of the CEO, Will Reeves, “This strategy has two main goals: to make investors who want to bet on BTC happy at the same time and use it as reserve capital to back Bitcoin-based financial products.
The article emphasizes the growing trend of Bitcoin adoption, especially after the US government’s recent decision to establish a Strategic Bitcoin Reserve (SBR). This could potentially have massive global impacts. Other nations and companies may be motivated to convert assets into Bitcoin, which is increasingly considered a digital gold reserve. The emergence of prominent global actors such as Brazil’s Meliuz and Mexico’s Ricardo Salinas only highlights the increasing acceptance of Bitcoin within traditional finance.
