Bitcoin financial services company Fold Inc. has reinforced its position in the digital asset sector with a significant 475 BTC acquisition, valued at approximately $41 million. This latest addition brings Fold’s total Bitcoin holdings to over 1,485 BTC, worth nearly $130 million at current market prices.
The firm executed this purchase through convertible notes, mirroring a strategy made popular by Michael Saylor’s Strategy (formerly MicroStrategy). By leveraging this financing method, Fold secures capital while maintaining flexibility, reinforcing its commitment to Bitcoin as a foundational asset in its financial strategy.
Fold CEO Will Reeves emphasized the company’s vision for Bitcoin’s role in the evolving financial landscape, stating:
“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 not only drives value for our shareholders, but more importantly, strengthens our ability to power the next generation of financial services built on bitcoin.”
Fold’s Bitcoin Strategy
Since its Nasdaq debut last month under the ticker FLD, Fold Inc. has continued to integrate Bitcoin into its financial model, reinforcing its role as both a treasury asset and a rewards mechanism. The firm, known for its Bitcoin-back incentives, has already distributed over $20 million worth of BTC to customers using its debit card, insured accounts, and bill pay services.
Beyond rewarding users, Fold’s Bitcoin treasury serves a strategic purpose, acting as both a value driver for investors seeking BTC exposure and a corporate reserve that underpins its expanding suite of Bitcoin-native financial services.
“We remain committed to building a bridge between traditional finance and the bitcoin economy and ensuring our users benefit from bitcoin’s long-term appreciation and utility,” Reeves added
By maintaining a strong Bitcoin reserve, Fold is positioning itself at the forefront of financial innovation, aligning its business model with the broader movement of companies leveraging Bitcoin as a key component of their corporate financial strategies.
Market Reactions and Fold’s Stock Performance
The announcement coincides with President Donald Trump’s recent executive order establishing a Strategic Bitcoin Reserve for the United States. The reserve will be capitalized with Bitcoin seized through criminal and civil asset forfeiture proceedings, positioning the U.S. as a leader in government digital asset strategy. The order also authorizes the Treasury and Commerce secretaries to develop budget-neutral strategies for acquiring additional Bitcoin, ensuring no incremental costs to taxpayers.
Following the announcement of the Strategic Bitcoin Reserve, Bitcoin prices experienced a brief decline, dropping over 5% to below $85,000, before stabilizing. Shares of Fold Inc., trading under the ticker FLD, closed down 1.7% on Friday, settling at $7.58.
Quick Facts:
- Fold Inc. acquired an additional 475 BTC, valued at approximately $41 million.
- This purchase increases Fold’s total Bitcoin holdings to over 1,485 BTC, nearly $130 million in value.
- The acquisition was financed through the issuance of convertible notes, aligning with strategies employed by other corporations.
