The post Fold buys 10 more Bitcoin, now holds over 1,000 in treasury appeared on BitcoinEthereumNews.com.

Fold Holdings, Inc., a bitcoin financial services company, has acquired an additional 10 bitcoin for its corporate treasury. The purchase, made at an average price of approximately $87,500 per bitcoin, brings Fold’s total holdings to over 1,000 bitcoin. Founded with the mission to make Bitcoin (BTC) more accessible, Fold offers services designed to integrate the cryptocurrency into everyday financial activities.  This move reinforces the company’s commitment to incorporating bitcoin into its financial strategy and highlights its confidence in the cryptocurrency’s long-term value. The company’s flagship product, the Fold app, allows users to earn bitcoin rewards on everyday purchases through its debit and credit card offerings. This approach has resonated with consumers seeking to accumulate Bitcoin seamlessly as part of their regular spending habits. Fold listed on Nasdaq  Fold has officially gone public on the Nasdaq under the ticker “FLD,” increasing its visibility and allowing investors to engage with its bitcoin-focused vision. This listing is part of a broader trend of cryptocurrency companies entering traditional financial markets, signaling greater acceptance of digital assets. Earlier, Fold increased its Bitcoin treasury, aligning with industry trends where corporations are adding Bitcoin to their balance sheets.  Notably, Strategy has acquired nearly $2 billion worth of bitcoin, raising its total holdings to approximately 499,096 bitcoin, reflecting rising corporate confidence in the cryptocurrency. CEO Will Reeves reaffirmed the company’s commitment to integrating bitcoin into its strategy, positioning Fold among the top corporate bitcoin treasuries in the U.S. As of February 26, 2025, Fold’s stock is trading at $5.88. Source: https://crypto.news/fold-buys-10-more-bitcoin-now-holds-over-1000-in-treasury/

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Filed under: News - @ February 26, 2025 10:20 pm