Fold Secures $250 Million Equity Purchase Facility to Expand BTC Holdings
Fold (FLD), a bitcoin financial services company, has secured an equity purchase facility of up to $250 million to enhance its bitcoin holdings. Key points include:
- The agreement allows Fold to issue and sell new shares up to $250 million, subject to regulatory conditions.
- Proceeds will primarily be used to expand its corporate bitcoin treasury, which currently holds 1,490 BTC.
- The facility was arranged by Cohen & Company Capital Markets, part of J.V.B. Financial Group, LLC.