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Bitcoin Rewards Firm Fold Secures $250M Facility to Expand BTC Holdings
The facility grants the company the right to issue and sell new shares pending regulatory conditions.
Updated Jun 17, 2025, 6:26 p.m. Published Jun 17, 2025, 1:32 p.m.
What to know:
- Fold has secured an equity purchase facility worth up to $250 million to grow its bitcoin holdings.
- The facility will allow Fold to direct most of the proceeds toward expanding its corporate bitcoin treasury, which currently holds 1,490 BTC.
Fold (FLD), a publicly traded bitcoin financial services company, has secured an equity purchase facility worth up to $250 million to grow its bitcoin holdings.
The Arizona-based firm said on Tuesday it signed an agreement granting it the right, but not the obligation, to issue and sell up to $250 million in new shares, pending regulatory conditions.
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If activated, Fold plans to direct most of the proceeds toward expanding its corporate bitcoin treasury, which already holds 1,490 BTC. The facility was arranged through Cohen & Company Capital Markets, a division of J.V.B. Financial Group, LLC.
Read more: Bitcoin Rewards App Fold Volatile in Wall Street Debut
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