Fold Holdings, the first publicly traded bitcoin-native financial services company, has significantly expanded its bitcoin treasury by adding 475 BTC, bringing its total holdings to 1,485 BTC, valued at nearly $130 million.
This 50% increase in bitcoin holdings was made through the issuance of a convertible note with a conversion price of $12.50 per share, more than double the company’s closing share price on March 5.
The strategic move mirrors the capital-raising tactics pioneered by Michael Saylor’s Strategy, reinforcing Fold’s alignment with the long-term growth of bitcoin. With this acquisition, Fold secures a top 10 position among U.S. public companies with the largest bitcoin reserves, a list that includes giants like Strategy (formally Microstrategy) and Tesla.
“We believe bitcoin will play a key role in the foundation of a new financial era, and Fold will help lead the way. 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,” said Will Reeves, Fold CEO.
The company, which began trading on the Nasdaq in February under the ticker FLD, has also rewarded over $20 million worth of BTC to users through its debit card, insured accounts, and bill pay services.
As global interest in BTC as a strategic reserve asset grows, Fold continues to position itself at the forefront of bitcoin-centric finance. Its expanding treasury reflects a belief in bitcoin’s role as the foundation for future financial infrastructure.
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