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By Francisco Rodrigues|Edited by Parikshit Mishra
Updated Jun 17, 2025, 1:40 p.m. Published Jun 17, 2025, 1:32 p.m.
- 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.
STORY CONTINUES BELOW
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
Francisco is a reporter for CoinDesk with a passion for cryptocurrencies and personal finance. Before joining CoinDesk he worked at major financial and crypto publications. He owns bitcoin, ether, solana, and PAXG above CoinDesk’s $1,000 disclosure threshold.
