BlockBeats news, on June 17, the Bitcoin financial services company Fold Holdings, Inc. (NASDAQ: FLD), which is listed on the US stock market, announced that it has reached a $250 million equity purchase agreement, with the net proceeds primarily intended to increase the company's treasury with more Bitcoin.
BlockBeats previously reported that on March 7, Fold increased its Bitcoin holdings by 475 Bitcoins through convertible notes, bringing its Bitcoin reserves to 1,485 Bitcoins, a nearly 50% increase in position size. This increase places Fold among the top ten US listed companies in terms of Bitcoin holdings.
