Fold Holdings Secures $250M Equity Facility to Double Down on Bitcoin
Fold Holdings, Inc. has made a bold move to further entrench Bitcoin in its corporate strategy. The company has secured a $250 million equity purchase facility, giving it the flexibility to raise capital and acquire more Bitcoin for its treasury. This development aligns Fold with a broader corporate trend led by MicroStrategy’s Michael Saylor, who has aggressively pursued BTC as a reserve asset.
What the Deal Means
Under the agreement, Fold can issue up to $250 million worth of new common stock — but only at its discretion. This means there’s no obligation to issue or raise any funds unless the company chooses to. However, before executing any stock sales, Fold must file a registration statement with the U.S. Securities and Exchange Commission (SEC). Once approved, the company can begin issuing shares via a private placement.
This move leverages exemptions under the Securities Act of 1933, which allows the company to avoid the traditional public offering process, streamlining access to capital.
Who’s Involved
The sale will be managed by Cohen & Company Capital Markets, a division of J.V.B. Financial Group, which will act as the official placement agent for the offering.
Fold’s Bitcoin Journey
Fold already holds over 1,490 BTC in its treasury. With this facility, it has the firepower to significantly grow that number, potentially turning its balance sheet into a Bitcoin fortress.
Despite a 57% decline in FLD stock over the last 6 months and a negative EBITDA of -$13.6 million, the company maintains strong liquidity with a current ratio of 2.2, indicating it can cover its short-term obligations comfortably.
Bitcoin for Everyday Life
Fold isn’t just about stacking sats on the corporate side. It also offers a range of consumer products — including the Fold App, Fold Credit Card, and Bitcoin rewards program — aimed at integrating BTC into everyday financial experiences.
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