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Nasdaq-listed Fold Holdings has arranged a $250 million equity purchase facility that will allow the company to issue new shares to fund additional Bitcoin acquisitions, according to multiple statements on 17 June. Fold already holds about 1,485 BTC on its balance sheet, ranking it among the ten largest U.S. public Bitcoin treasuries. The stock-sale arrangement, which the company said is contingent on clearance from the U.S. Securities and Exchange Commission, is intended to expand those holdings further.
JUST IN: PUBLICLY TRADED FOLD SECURES $250M TO BUY MORE BITCOIN Source: @BitcoinMagazine https://t.co/Ii6j1agrdC https://t.co/ApavVNWjLR
Fold Holdings secures $250M equity facility to buy more bitcoin. 🚀 The Nasdaq-listed company @fold_app already holds ~1,485 BTC in its treasury. 💰 - $250M stock sale facility for BTC purchases. - Already a top 10 U.S. public BTC holder. - Deal contingent on SEC approval.
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