{"id":16786,"date":"2025-03-08T01:31:32","date_gmt":"2025-03-08T01:31:32","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=16786"},"modified":"2025-03-08T01:31:32","modified_gmt":"2025-03-08T01:31:32","slug":"fold-holdings-acquires-475-bitcoin-to-strengthen-corporate-treasury-details","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=16786","title":{"rendered":"Fold Holdings Acquires 475 Bitcoin To Strengthen Corporate Treasury \u2013 Details"},"content":{"rendered":"
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Fold Holdings, a US-based Bitcoin (BTC) financial services firm, announced<\/a> today the addition of 475 BTC to its corporate treasury. This acquisition positions Fold Holdings among the top 10 US public companies with the largest Bitcoin reserves.<\/p>\n

Fold Holdings Unveils Bitcoin Purchase<\/h2>\n

Bitcoin adoption among corporations continues to snowball, as Nasdaq-listed Fold has acquired another 475 BTC. This latest purchase marks nearly a 50% increase in the company\u2019s total BTC holdings, which now stand at slightly more than 1,485 BTC.<\/p>\n

Notably, the firm financed its BTC acquisition through the issuance of a convertible note at a 100% premium, with a conversion price of $12.50 per share. Commenting on the development, Fold CEO Will Reeves stated:<\/p>\n

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We believe Bitcoin will play a key role in the foundation of a new financial era, and Fold will help lead the way. As the first publicly traded bitcoin financial services company, we believe maintaining a significant bitcoin treasury not only drives value for our shareholders, but more importantly, strengthens our ability to power the next generation of financial services built on bitcoin.<\/p>\n<\/blockquote>\n

Reeves further emphasized that Fold\u2019s Bitcoin corporate treasury serves a dual purpose. It not only provides value to investors seeking BTC exposure, but also functions as a strategic reserve to support the firm\u2019s Bitcoin-native financial products.<\/p>\n

Fold\u2019s share price (FLD) surged by more than 27% yesterday, closing the day at $7.71. However, in pre-market trading, the stock has dipped slightly to $7.50 at the time of writing. On a year-to-date basis, FLD remains down by over 30%.<\/p>\n

\"fld\"<\/p>\n

BTC Adoption Likely to Gain Further Traction
\n<\/h2>\n

Yesterday, US President Donald Trump signed<\/a> an executive order to create a Strategic Bitcoin Reserve (SBR) and a Digital Asset Stockpile. The establishment of an SBR further legitimizes BTC as a reliable store of value, now recognized by the world\u2019s largest economy.<\/p>\n

The formation of a US SBR is expected to trigger a domino effect, prompting other nations to establish their own BTC reserves in an effort to accumulate \u2018digital gold.\u2019 Countries like El Salvador and Bhutan already hold significant BTC reserves.<\/p>\n

As nation-states increasingly embrace BTC as an asset class, corporations worldwide are likely to follow suit. Michael Saylor\u2019s Strategy currently ranks first among public companies in terms of BTC holdings, with more than 440,000 BTC, according<\/a> to CoinGecko data.<\/p>\n

Yesterday, Brazilian fintech and publicly traded company Meliuz announced<\/a> that it had allocated 10% of its total cash reserves to BTC. Similarly, Mexican billionaire Ricardo Salinas recently disclosed<\/a> that 70% of his portfolio is allocated to BTC and related investments.<\/p>\n

That said, concerns persist over BTC\u2019s volatility<\/a>, with some arguing that it behaves more like a speculative asset than a reliable store of value. At press time, BTC is trading at $90,192, up 0.5% in the past 24 hours.<\/p>\n

\"bitcoin\"<\/div>\n","protected":false},"excerpt":{"rendered":"

Fold Holdings, a US-based Bitcoin (BTC) financial services firm, announced today the addition of 475 BTC to its corporate treasury. This acquisition positions Fold Holdings among the top 10 US public companies with the largest Bitcoin reserves. Fold Holdings Unveils Bitcoin Purchase Bitcoin adoption among corporations continues to snowball, as Nasdaq-listed Fold has acquired another […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-16786","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/16786","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16786"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/16786\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16786"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16786"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16786"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}