Fold Holdings, a financial services company based in the USA, announced today that it has added 475 Bitcoins to its treasury. This move positions Fold among the top 10 American companies in terms of Bitcoin reserves. With this new purchase, Fold has increased its Bitcoin holdings by about 50%, now owning over 1485 Bitcoins. The company financed this purchase through issuing convertible notes priced at $12.50 per share. Will Reeves, CEO of Fold, emphasized the important role Bitcoin will play in the financial future and how the company will aid this transition. He added that Fold’s Bitcoin treasury serves not only as valuable assets for investors but also as a strategic reserve for Bitcoin-based financial products. Yesterday, Fold’s stock price (FLD) rose over 27% to close at $7.71, but dropped to $7.50 in pre-market trading. However, the stock has seen over a 30% decline since the beginning of the year. Additionally, US President Donald Trump signed an executive order yesterday to establish a Strategic Bitcoin Reserve (SBR) for Bitcoins and altcoins, recognizing Bitcoin as a legitimate store of value asset. This decision is expected to prompt other countries to build Bitcoin reserves. You can track the prices of all tokens and cryptocurrencies live on the real-time digital currency price page.
