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The Coin Rise 2025-03-07 22:30:51

Fold Buys More Bitcoin, Joins Elite Corporate Holders

Bitcoin financial company Fold Holdings has made a big move to increase its crypto stash . The company recently bought 475 Bitcoins through a convertible note issuance at a conversion price of $12.50 per share. Notably, this price is more than double the company’s closing stock price on March 5. With this latest BTC purchase, the Fold’s Bitcoin treasury is worth over $135 million. This has secured a place among the top ten public companies in the United States with the largest Bitcoin holdings. Fold Helps People Earn Bitcoin Through Its App Fold’s main product is its app, which lets users earn Bitcoin rewards when they shop with its debit and credit cards. This idea has attracted people who want to collect Bitcoin while making everyday purchases. Instead of buying Bitcoin directly, users can grow their Bitcoin balance just by spending as usual. Fold also keeps a large amount of Bitcoin to create more financial opportunities for users. The company believes that holding Bitcoin will help its business grow, benefit investors, and give users more ways to use it daily. Fold Is Now a Public Company Like Bitcoin-focused firm Strategy , Fold became a public company in February when it was listed on the Nasdaq stock exchange under the name FLD. This means more people can invest in the company and support its goal of making Bitcoin part of everyday transactions. Nasdaq also plans to allow people to trade stocks 24 hours a day, five days a week. This will make it easier for investors to buy and sell Fold’s stocks from Sunday evening to Friday night. Fold’s bold move to double down on Bitcoin is part of a larger industry trend of companies seeing Bitcoin as a valuable asset. Over the past years, more public firms, including MARA, Semsler Scientific, Japanese firm Metaplanet, and not limited to Tesla, have added digital currency to their balance sheet. They believe Bitcoin has the potential to protect against inflation and a means to diversify their assets. Fold’s Stock Drops, But Bitcoin Focus Could Drive Future Growth Fold’s stock price is $8.18 per share right now. This is lower than the price set in its recent investment deal, but the company’s focus on Bitcoin could help it grow. As more people and businesses adopt Bitcoin for financial services, Fold’s offering of Bitcoin rewards may attract more customers and investors. The post Fold Buys More Bitcoin, Joins Elite Corporate Holders appeared first on TheCoinrise.com .

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