- FOLD added 475 BTC to his cash stock and now has a fortune of over 1,485 BTC, while it used convertible bonds to procure capital.
- Fold is applying to listen to the stock market under the “FLD” ticker to increase transparency and attract institutional investors.
The Bitcoin-based financial service provider Fold has just 475 BTC worth $ 41 million into his cash register recorded. Fold now has more than 1,485 BTC, which currently have a value of almost $ 130 million. This step is not just an accumulation of digital assets, but a carefully developed financial strategy in order to strengthen the position of the company on the constantly growing cryptom market.
BREAKING: #BITCOIN COMPANY FOLD JUST BOUGHT 475 $BTC WORTH $41M
THEY NOW HOLD 1,485 $BTC VALUED AT $130M
THIS IS BULLISH! pic.twitter.com/THARZTIFbC
— Crypto Rover (@rovercrc) March 9, 2025
NASDAQ-NOTUNG: The next big step
Fold seems to follow an approach that Microstrategy has already implemented. The company spends change bonds to obtain capital for the acquisition of Bitcoin. In the world of investments, this is a rather daring strategy.
With convertible bonds, investors can purchase bonds that can be converted into shares at a certain price in the future. In this way, Fold not only takes Bitcoin into his balance sheet, but also expands his access to capital without having to sell shares on the free market.
On the other hand, Fold has other big plans. As CNF reports, the company has applied for the listing of its shares at NASDAQ under the ticker symbol FLD This step will give the company a broad access to institutional donors and increase the transparency of its business for investors.
Fold und VISA
Bitcoin as an investment is nothing new, but FOLD tries a new approach by offering a way to earn Bitcoin with everyday activities.
In February, the company launched a new credit card in cooperation with Visa, in which customers are rewarded with up to 2% of each transaction that they make in Bitcoin. This is an intelligent method to make Bitcoin known to a wider audience without having to buy directly from a crypto exchange.
Although the credit card offers the additional advantage of cryptocurrencies, it works like any other credit card. The two main goals of the program are to increase the acceptance of Bitcoin and offer a new experience with a reward system that is more creative than conventional loyalty programs.
Large investment by HK Asia
In the meantime, one of the large investment companies based in Hong Kong, HK Asia Holdings Limited, has agreed to buy another 7.88 BTC worth around $ 761,705 on February 20, 2025. The campaign has followed the 1,700%increase in the company’s stock value since the beginning of the year.
Bitcoin as part of a long -term strategy
In a statement, Fold-CEO emphasized Reeves that the possession of Bitcoin is not only a mere custody, but part of the company’s long-term mission.
Fold believes that Bitcoin will play an important role in the development of the modern financial system. By further increasing its stocks, Fold strengthens his position as a pioneer in the introduction of Bitcoin in the financial sector.
As a platform, Fold has made more than $ 2.5 billion in transactions possible and serves over 600,000 customers. The company not only offers Bitcoin-based services, but also intends to integrate BTC premiums into the daily transactions. This means that fold not only plays in the world of crypto investments, but also builds up a system in which Bitcoin can be part of the daily economic activities.
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