Bitcoin financial services firm Fold has unveiled plans to issue $250 million in new shares through a private placement targeting select investors and institutions. The capital raised will be used to significantly expand the company’s Bitcoin treasury holdings amid ongoing cryptocurrency market volatility.
Currently holding approximately 1,488 Bitcoin valued at over $155 million, Fold views recent price declines as strategic buying opportunities. Bitcoin is trading near $104,500 after experiencing notable downward pressure in recent weeks.
This move aligns with accelerating corporate adoption of cryptocurrency assets, with industry data showing 236 entities now holding Bitcoin – including 131 publicly traded companies. Fold’s expansion strategy reflects growing institutional confidence in Bitcoin as a treasury reserve asset despite market fluctuations.
Financial analysts caution that corporate Bitcoin investments carry inherent volatility risks. They note potential unrealized losses could materialize if Bitcoin’s price retreats below the $90,000 threshold, highlighting the importance of strategic entry points for treasury acquisitions.