Fold Secures $250M Equity Facility to Expand Bitcoin Holdings

Fold Holdings, Inc., the first publicly traded bitcoin financial services company, has secured a $250 million equity purchase facility to expand its bitcoin treasury, which currently holds over 1,490 BTC. The company has the right, but not the obligation, to issue and sell newly issued common stock under this facility, subject to regulatory conditions, including SEC approval of a registration statement for resale of the shares. Fold controls the timing and amount of any drawdowns from the facility and plans to use the proceeds primarily to acquire additional bitcoin. The offers and sales of shares will be conducted as a private placement relying on exemptions from Securities Act registration requirements. Cohen & Company Capital Markets, a division of J.V.B. Financial Group, served as the exclusive placement agent for the facility. Investor response was positive, reflected in an initial stock price surge, highlighting enthusiasm for Fold's strategy amid growing interest in bitcoin as a corporate treasury asset.