Fold’s $250M Bitcoin Bonanza: A Tale of Wealth and Whimsy!

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What to know:

  • In a delightful twist of fate, Fold has secured an equity purchase facility worth up to a staggering $250 million to grow its bitcoin holdings. 💰
  • This splendid facility will allow Fold to direct most of the proceeds toward expanding its corporate bitcoin treasury, which currently holds a modest 1,490 BTC. Because why not? 😏

Ah, dear reader, behold Fold (FLD), a publicly traded bitcoin financial services company, which has gallantly secured an equity purchase facility worth up to $250 million to grow its bitcoin holdings. One can only imagine the champagne flowing in celebration! 🍾

On this fine Tuesday, the Arizona-based firm has announced that it signed an agreement granting it the right, but not the obligation (how very generous!), to issue and sell up to $250 million in new shares, pending regulatory conditions. Because who doesn’t love a little regulatory suspense? 🎭

If activated, our dear Fold plans to direct most of the proceeds toward expanding its corporate bitcoin treasury, which already holds a rather impressive 1,490 BTC. The facility was arranged through Cohen & Company Capital Markets, a division of J.V.B. Financial Group, LLC. A round of applause for the financial wizards, please! 👏

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2025-06-17 17:32