Key Notes
- Fold now possesses over 1,000 Bitcoins following its latest purchase, underscoring its commitment to a Bitcoin-first financial ecosystem.
- The company joined Nasdaq through a SPAC merger with FTAC Emerald Acquisition Corp, expanding the presence of crypto firms in traditional markets.
- CEO Will Reeves confirmed plans for continued opportunistic Bitcoin accumulation as part of Fold's long-term treasury strategy.
Fold Holdings, a financial services company focused on Bitcoin, announced that it has increased its treasury with additional purchases on Wednesday, February 26. The company acquired 10 more BTC $84 629 24h volatility: 4.9% Market cap: $1.68 T Vol. 24h: $77.33 B at an average price of $87,500, inclusive of transaction fees and other expenses.
The company’s decision to increase its Bitcoin reserves comes just days after it began trading publicly on Nasdaq under the ticker “FLD.” The listing marks a new chapter for the firm, offering investors exposure to its vision of a Bitcoin-first financial future.
Fold Now Owns More Than 1000 Bitcoins
Fold’s Bitcoin accumulation aligns with a growing trend of corporations integrating the asset into their balance sheets. The company has been gradually buying BTC since launching in 2019.
With this latest acquisition, the firm positions itself among the top 15 corporate Bitcoin holders in the United States, further aligning with its mission to promote Bitcoin as the foundation of a modern financial system.
Fold said it is always on the lookout for opportunities to increase its Bitcoin holdings as part of its long-term commitment to integrating the crypto asset into its reserve.
“Fold remains dedicated to integrating bitcoin into our business and treasury strategy. Like our customers, we aim to take advantage of opportunities to add bitcoin and expect to continue to build our treasury opportunistically going forward. We believe in bitcoin’s long-term potential and plan to continue to accumulate as we endeavor to build the future of bitcoin-powered finance,” said Will Reeves, CEO of Fold.
Crypto-Native Firms Going Public on Nasdaq
Meanwhile, Fold’s entry into Nasdaq came through a merger with FTAC Emerald Acquisition Corp. (FTAC), a publicly traded Special Purpose Acquisition Company(SPAC). With this move, the company has become the latest crypto native firm to go public on the American stock exchange, joining a growing list of industry leaders.
Among the notable names already trading on Nasdaq are Coinbase, Strategy (formerly MicroStrategy ), Marathon Digital, CleanSpark, Cipher Mining, Bit Digital, Bitfarms, Hut 8, Riot Platforms, and Iren, a not-so popular crypto firm that owns and operates Bitcoin mining data centers. These companies have played a key role in integrating digital assets with the traditional finance ecosystem.
One of the biggest milestones in this space came in December 2024, when Strategy was added to the Nasdaq 100 Index, further cementing Bitcoin-related businesses in mainstream financial markets. The recognition has placed the company on par with technology giants like Apple, Microsoft, Amazon, and Google (Alphabet).
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