#purchase The total volume of BTC in the company's treasury has reached $130 million.
Fold continues to use the strategy of issuing convertible bonds to purchase the asset.
The publicly traded Bitcoin company Fold reported the purchase of an additional 475 BTC for approximately $41 million. As a result, its corporate treasury reached 1485 #BTC , which is equivalent to nearly $130 million at the exchange rate at the time of preparation.
To increase its reserves, Fold employed a strategy popularized by Michael Saylor's company—issuing convertible bonds. These funds were directed towards purchasing cryptocurrency, emphasizing the company's long-term commitment to Bitcoin as a strategic asset, the firm's representatives noted.
Fold CEO Will Reeves stated that the company views the first cryptocurrency as the foundation of a new financial era. According to him, having a significant Bitcoin reserve not only enhances value for shareholders but also strengthens the company's ability to develop innovative financial products built on the asset.
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