Bitcoin Financial Services Company, Fold Holdings, Inc. Has acquired an additional 10 bitcoins for its corporate treasury.
PurchaseMade at an average price of about $ 87,500 per bitcoin, the total holdings of the folds bring more than 1,000 bitcoins.
Established with a mission to make bitcoin (BTC) more accessible, the fold provides services designed to integrate cryptocurrency in everyday financial activities.
This step confirms the company’s commitment to include bitcoin in its financial strategy and highlights its belief in the long -term value of cryptocurrency.
The company’s major product, fold app, allows users to earn a bitcoin prize on everyday purchase through their debit and credit card offerings. This approach echoes with consumers who demand basic accumulation of bitcoins as part of their regular spending habits.
Fold listed on nasdaq
The fold has officially made public public under the tick “FLD” on the Nasdaq, which has increased its visibility and is allowed to connect with the bitcoin-centered vision. This list is part of a comprehensive trend of cryptocurrency companies entering traditional financial markets, indicating greater acceptance of digital assets.
Earlier, folds increased their bitcoin treasury, aligning with industry trends where corporations are adding bitcoins to their balance sheet.
In particular, the strategy has acquired the value of about $ $ $ $ $ $ $ $ 2 billion, increasing its total holdings to about 499,096 bitcoins, which reflects the growing corporate belief in cryptocurrency.
CEO Will Rews confirmed the company’s commitment to integrate bitcoins in his strategy, the position between the top corporate bitcoin treasury in the US
By 26 February, 2025, the fold stock is trading at $ 5.88.
