Fold Adds 475 Bitcoin to Treasury, Securing Top 10 Position Among U.S. Public Bitcoin Treasuries
Rhea-AI Summary
Fold Holdings (NASDAQ: FLD) has significantly expanded its bitcoin treasury by adding 475 bitcoin, bringing its total holdings to over 1,485 BTC. The acquisition was completed through a convertible note with a conversion price of $12.50 per share, representing a 100% premium to FLD's closing price on March 5, 2025.
This strategic move positions Fold among the top ten U.S. public companies with the largest bitcoin treasuries. The company, as the first publicly traded bitcoin financial services firm, aims to strengthen its position in building bitcoin-powered financial services and bridge traditional finance with the bitcoin economy.
The expanded bitcoin treasury serves two key purposes: providing value to investors seeking bitcoin exposure and acting as a strategic reserve to support Fold's growing suite of bitcoin-native financial products. The company continues its mission as nations, including the U.S., increasingly adopt bitcoin as a strategic reserve asset.
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News Market Reaction – FLD
On the day this news was published, FLD declined 1.69%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Fold now holds over 1,485 bitcoin in its corporate treasury as it builds the future of bitcoin-powered financial services
PHOENIX, March 07, 2025 (GLOBE NEWSWIRE) -- Fold Holdings, Inc. (NASDAQ: FLD) (“Fold”), the first publicly traded bitcoin financial services company, today announced the addition of 475 bitcoin to its treasury. The addition marks a nearly
“We believe Bitcoin will play a key role in the foundation of a new financial era, and Fold will help lead the way,” said Will Reeves, Chief Executive Officer of Fold. “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.”
Mr. Reeves continued, “Fold’s bitcoin treasury serves a dual purpose: providing value to investors seeking bitcoin exposure, while acting as a corporate strategic reserve to support our growing suite of bitcoin-native financial products. 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.”
With the growing global recognition of bitcoin, Fold continues on its mission to establish itself as a go-to provider of bitcoin-powered financial services. As the financial landscape shifts, nations - including the U.S. - are adopting bitcoin as a strategic reserve asset and integrating bitcoin into their monetary frameworks. Fold is positioning itself to play a key role in this transformation.
For more information about Fold and its bitcoin rewards offerings, visit https://foldapp.com/
About Fold
Fold (NASDAQ: FLD) is the first publicly traded bitcoin financial services company, making it easy for individuals and businesses to earn, save, and use bitcoin. With over 1,485 BTC in its treasury, Fold is at the forefront of integrating bitcoin into everyday financial experiences. Through innovative products like the Fold App and Fold Card, the company is building the bridge between traditional finance and the bitcoin-powered future.
Forward-Looking Statements
The information in this press release includes “forward-looking statements” within the meaning of the federal securities laws with respect to the anticipated benefits of the business combination. Forward-looking statements may be identified by the use of words such as “may,” “could,” “would,” “should,” “predict,” “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include the potential benefits of the new convertible note, Fold’s treasury strategy and the potential success of Fold’s market and growth strategies. These statements are based on assumptions and on the current expectations of Fold’s management and are not predictions of actual performance. Many actual events and circumstances are beyond the control of Fold. These forward-looking statements are subject to a number of risks and uncertainties, including: (i) changes in domestic and foreign business, market, financial, political and legal conditions; (ii) the failure to realize the anticipated benefits of the business combination; (iii) the effect of the consummation of the business combination on Fold’s business relationships, performance, and business generally; (iv) the ability to implement business plans and other expectations after the completion of the business combination, and identify and realize additional opportunities; (v) the risk of downturns, new entrants and a changing regulatory landscape in the highly competitive industry in which Fold operates; and (vi) those factors discussed in Fold’s filings with the Securities and Exchange Commission. If any of these risks materialize or Fold’s assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. While Fold may elect to update these forward-looking statements at some point in the future, each specifically disclaims any obligation to do so, except as required by law.
For investor and media inquiries, please contact:
Orange Group
Samir Jain, CFA
FoldIR@orangegroupadvisors.com
FAQ
How many bitcoins did Fold Holdings (FLD) add to its treasury in March 2025?
What was the conversion price for FLD's convertible note used to acquire the new bitcoin?
How does Fold (FLD) plan to use its expanded bitcoin treasury?
What position does FLD now hold among U.S. public companies with bitcoin treasuries?
What percentage increase does the new bitcoin acquisition represent for FLD's holdings?
