Key Points
- Fold Holdings has increased its Bitcoin treasury by purchasing 10 more Bitcoins.
- The company now ranks among the top 15 corporate Bitcoin holders in the US.
Financial services company Fold Holdings, which primarily focuses on Bitcoin, has expanded its Bitcoin treasury with additional acquisitions.
On February 26, the company purchased an additional 10 Bitcoins at an average price of $87,500, inclusive of transaction fees and other expenses.
Public Trading and Bitcoin Accumulation
This decision to increase Bitcoin reserves followed the company’s recent commencement of public trading on Nasdaq under the ticker “FLD”. This move provides investors with exposure to the company’s vision of a Bitcoin-centric financial future.
The company’s Bitcoin accumulation aligns with the growing trend of corporations integrating the asset into their balance sheets. Since its launch in 2019, Fold has been steadily purchasing Bitcoin.
With this recent acquisition, Fold now ranks among the top 15 corporate Bitcoin holders in the US. This aligns with the company’s mission to promote Bitcoin as the foundation of a modern financial system.
The company is consistently seeking opportunities to increase its Bitcoin holdings as part of its long-term commitment to integrating the cryptocurrency into its reserve.
Fold’s CEO, Will Reeves, stated that the company remains dedicated to integrating Bitcoin into its business and treasury strategy. He added that they believe in the long-term potential of Bitcoin and plan to continue accumulating it.
Merger and Public Listing
Fold’s entry into Nasdaq was facilitated through a merger with FTAC Emerald Acquisition Corp. (FTAC), a publicly-traded Special Purpose Acquisition Company (SPAC). This move has made Fold the latest crypto-native firm to go public on the American stock exchange, joining a growing list of industry leaders.
Notable companies already trading on Nasdaq include Coinbase, Strategy (formerly MicroStrategy), Marathon Digital, CleanSpark, Cipher Mining, Bit Digital, Bitfarms, Hut 8, Riot Platforms, and Iren. These companies have played a key role in integrating digital assets with the traditional finance ecosystem.
One significant milestone in this space occurred in December 2024, when Strategy was added to the Nasdaq 100 Index. This recognition has placed the company on par with technology giants like Apple, Microsoft, Amazon, and Google (Alphabet).
