American company Fold has increased its Bitcoin reserves by adding 475 BTC to its treasury, highlighting its long-term financial plans and strategy.
Fold’s Bitcoin Strategy
Fold has increased its total reserves to 1,485 BTC by adding 475 BTC to its treasury. The market value of the company’s cryptocurrency assets is approximately $130 million. Fold has adopted a fundraising strategy through convertible bond issuance to finance its Bitcoin purchases, indicating Bitcoin's central role in its long-term financial plans.
MicroStrategy Influence on Fold
Following in the footsteps of MicroStrategy founder Michael Saylor, Fold continues its cryptocurrency purchases using funds raised through convertible notes. This method provides indirect Bitcoin exposure to shareholders while strengthening the company’s balance sheet. Fold CEO Will Reeves emphasized their belief in Bitcoin’s critical role in the future financial system.
Financial Products and Reward Systems
Fold offers customers opportunities to earn Bitcoin through debit cards, insured accounts, and bill payment services. These products aim to increase cryptocurrency adoption. Despite fluctuations in Bitcoin prices, Fold continues to increase reserves without disclosing detailed average acquisition costs and reserves. The company is attracting attention, particularly among young investors, due to its aggressive growth strategy.
Fold continues to strengthen its position in the cryptocurrency market by increasing Bitcoin reserves and developing financial products focused on cryptocurrencies.
