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Fold raises an additional 250 million USD to buy Bitcoin amid price correction
The US-based Bitcoin financial services company – Fold – has just announced plans to issue shares worth up to 250 million USD with the primary goal: to buy more Bitcoin for its corporate treasury.
According to the latest statement, #Fold will offer shares to selected institutional investors, rather than trading publicly on the exchange. Most of the raised funds will be used to increase the amount of BTC held, which currently stands at 1,488 BTC, valued at approximately 155 million USD.
This move comes amid a backdrop of Bitcoin prices dropping nearly 5% over the week, down to around 104,500 USD, after previously surpassing 110,000 USD not long before. Fold's stock is currently trading at 4.57 USD, down nearly 60% since the beginning of the year.
Fold is not an isolated case. More than 130 listed companies have added BTC to their balance sheets, a 13% increase in just the past month. This strategy is inspired by Michael Saylor, who has led MicroStrategy to hold 592,100 $BTC , equivalent to 64 billion USD.
However, analysts are beginning to warn about risks. According to Standard Chartered, half of the companies not specialized in crypto could incur losses if the price of Bitcoin falls below 90,000 USD.
Nevertheless, Fold still bets big on BTC – a move that demonstrates strong confidence in the long-term potential of the world's largest digital currency.
The US-based Bitcoin financial services company – Fold – has just announced plans to issue shares worth up to 250 million USD with the primary goal: to buy more Bitcoin for its corporate treasury.
According to the latest statement, #Fold will offer shares to selected institutional investors, rather than trading publicly on the exchange. Most of the raised funds will be used to increase the amount of BTC held, which currently stands at 1,488 BTC, valued at approximately 155 million USD.
This move comes amid a backdrop of Bitcoin prices dropping nearly 5% over the week, down to around 104,500 USD, after previously surpassing 110,000 USD not long before. Fold's stock is currently trading at 4.57 USD, down nearly 60% since the beginning of the year.
Fold is not an isolated case. More than 130 listed companies have added BTC to their balance sheets, a 13% increase in just the past month. This strategy is inspired by Michael Saylor, who has led MicroStrategy to hold 592,100 $BTC , equivalent to 64 billion USD.
However, analysts are beginning to warn about risks. According to Standard Chartered, half of the companies not specialized in crypto could incur losses if the price of Bitcoin falls below 90,000 USD.
Nevertheless, Fold still bets big on BTC – a move that demonstrates strong confidence in the long-term potential of the world's largest digital currency.
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🚨 Fiery Tuesday with nearly 844 million USD poured into Crypto!
Tuesday has never been this hot! At least 4 publicly listed companies in the US on Tuesday 17/6/2025 announced a total investment of 844 million dollars into crypto! 💥
🍜 #DDCEnterprise (selling noodles but buying $BTC extremely strong 💪): raising 528 million dollars to aim to become the "most valuable Bitcoin treasury in the world"! Started with 21 BTC and aims for 5,000 BTC in 3 years.
🟠 #Fold – the first Bitcoin financial company: raising 250 million dollars to... buy more Bitcoin. Could accumulate nearly 2,400 BTC if they go all in.
🛠️ #BitMine – specializing in mining machine rentals: using 16.3 million dollars from the securities issuance to buy BTC at an average price of over 106,000 USD/BTC!
👁️ #Eyenovia (now renamed #HyperionDeFi ): accumulating over 1 million $HYPE, worth more than 40 million dollars, staking always for the thrill 🔥.
Crypto is no longer a small game, but a race of large enterprises looking to “hold” digital assets as part of a long-term financial strategy.
Tuesday has never been this hot! At least 4 publicly listed companies in the US on Tuesday 17/6/2025 announced a total investment of 844 million dollars into crypto! 💥
🍜 #DDCEnterprise (selling noodles but buying $BTC extremely strong 💪): raising 528 million dollars to aim to become the "most valuable Bitcoin treasury in the world"! Started with 21 BTC and aims for 5,000 BTC in 3 years.
🟠 #Fold – the first Bitcoin financial company: raising 250 million dollars to... buy more Bitcoin. Could accumulate nearly 2,400 BTC if they go all in.
🛠️ #BitMine – specializing in mining machine rentals: using 16.3 million dollars from the securities issuance to buy BTC at an average price of over 106,000 USD/BTC!
👁️ #Eyenovia (now renamed #HyperionDeFi ): accumulating over 1 million $HYPE, worth more than 40 million dollars, staking always for the thrill 🔥.
Crypto is no longer a small game, but a race of large enterprises looking to “hold” digital assets as part of a long-term financial strategy.
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Bitcoin service company Fold announced on Friday that it has added 475 BTC to its treasury, valued at approximately $41 million, bringing its total holdings to over 1,485 BTC, worth nearly $130 million at today's prices. #白宫首届加密货币峰会 #BTC #Fold
#币安优化上币机制 #CZ分享KOL时间代币化构想 $BTC $TRUMP $DOGE
#币安优化上币机制 #CZ分享KOL时间代币化构想 $BTC $TRUMP $DOGE
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Fold Enhances Bitcoin Accumulation: Future Strategy or Risky Gamble?
Fold, a Bitcoin financial services company listed on Nasdaq since February this year, has just added 475 BTC (worth approximately $41 million) to its reserves. With this move, the total amount of Bitcoin the company holds has surpassed 1,485 BTC, valued at nearly $130 million at current prices.
Fold's 'MicroStrategy' Strategy
The decision to purchase more Bitcoin by #Fold is not random. The company has adopted the popular financial strategy of Michael Saylor – the founder of MicroStrategy – by issuing convertible bonds to raise funds for accumulating Bitcoin.
Fold's 'MicroStrategy' Strategy
The decision to purchase more Bitcoin by #Fold is not random. The company has adopted the popular financial strategy of Michael Saylor – the founder of MicroStrategy – by issuing convertible bonds to raise funds for accumulating Bitcoin.
🚀Top Project From Recent Funding Round 💰 Fold🚀
🎉 Fold has just secured $20.00M in its latest funding round! 🎉
🔹About: Fold is a pioneering bitcoin financial services company founded in 2019. It offers a range of innovative products, including a leading bitcoin rewards debit card, merchant rewards, and bitcoin bill pay services. Users can earn bitcoin on everyday purchases, pay bills, and even round up purchases into bitcoin. Fold has processed over $2 billion in transaction volume and distributed over $45 million in bitcoin rewards since its inception. The company aims to make bitcoin accessible and rewarding for everyday use, integrating it seamlessly into traditional financial services. Fold recently announced plans to go public through a merger with FTAC Emerald Acquisition Corp., further solidifying its position in the market. With a strong focus on user-friendly bitcoin financial products, Fold is revolutionizing personal finance.🚀🌐
🔹 Lead Investors: ATW Partners, Craft Ventures, Slow Ventures, CoinShares and many more.
🔹 Total Raised: $36.30M.
🔹 Project Category: Blockchain Service, Payments.
🌟If You find this useful Repost, Save, Share it with friends & Follow us for More Latest Crypto Analysis, News, Updates & Crypto Insights 🦁🙏🏻
#fold #bitcoin #DeFi: #PaymentServices #BTC $BTC
$STX
🔹About: Fold is a pioneering bitcoin financial services company founded in 2019. It offers a range of innovative products, including a leading bitcoin rewards debit card, merchant rewards, and bitcoin bill pay services. Users can earn bitcoin on everyday purchases, pay bills, and even round up purchases into bitcoin. Fold has processed over $2 billion in transaction volume and distributed over $45 million in bitcoin rewards since its inception. The company aims to make bitcoin accessible and rewarding for everyday use, integrating it seamlessly into traditional financial services. Fold recently announced plans to go public through a merger with FTAC Emerald Acquisition Corp., further solidifying its position in the market. With a strong focus on user-friendly bitcoin financial products, Fold is revolutionizing personal finance.🚀🌐
🔹 Lead Investors: ATW Partners, Craft Ventures, Slow Ventures, CoinShares and many more.
🔹 Total Raised: $36.30M.
🔹 Project Category: Blockchain Service, Payments.
🌟If You find this useful Repost, Save, Share it with friends & Follow us for More Latest Crypto Analysis, News, Updates & Crypto Insights 🦁🙏🏻
#fold #bitcoin #DeFi: #PaymentServices #BTC $BTC
$STX
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