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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 ā the founder of MicroStrategy ā 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 ā the founder of MicroStrategy ā by issuing convertible bonds to raise funds for accumulating Bitcoin.
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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. #ē½å®«é¦å±å åÆ蓧åøå³°ä¼ #BTC #Fold
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#åøå®ä¼åäøåøęŗå¶ #CZåäŗ«KOLę¶é“代åøåęę³ $BTC $TRUMP $DOGE
šTop Project From Recent Funding Round š° Foldš
š Fold has just secured $20.00M in its latest funding round! š
š¹About: 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.šš
š¹ Lead Investors: ATW Partners, Craft Ventures, Slow Ventures, CoinShares and many more.
š¹ Total Raised: $36.30M.
š¹ Project Category: Blockchain Service, Payments.
šIf You find this useful Repost, Save, Share it with friends & Follow us for More Latest Crypto Analysis, News, Updates & Crypto Insights š¦šš»
#fold #bitcoin #DeFi: #PaymentServices #BTC $BTC
$STX
š¹About: 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.šš
š¹ Lead Investors: ATW Partners, Craft Ventures, Slow Ventures, CoinShares and many more.
š¹ Total Raised: $36.30M.
š¹ Project Category: Blockchain Service, Payments.
šIf You find this useful Repost, Save, Share it with friends & Follow us for More Latest Crypto Analysis, News, Updates & Crypto Insights š¦šš»
#fold #bitcoin #DeFi: #PaymentServices #BTC $BTC
$STX
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