Fold Holdings

Fold Holdings Inc. is the parent company behind the Fold Bitcoin wallet and app. The company has secured a $250 million equity purchase facility to expand its Bitcoin treasury. This facility allows Fold Holdings to sell up to $250 million worth of newly issued shares to fund its Bitcoin acquisition strategy. The agreement provides the company flexibility in terms of timing and amount for any drawdown, indicating that no coins had been purchased as of the date of its filing with the U.S. Securities and Exchange Commission.

Fold Holdings is part of a trend among crypto corporate treasury firms to fund their Bitcoin purchases through private placements, making their stock a leveraged play on the price of Bitcoin. The company's approach aligns with other firms like 21 Capital and Nakamoto, which have taken similar steps inspired by Michael Saylor’s BTC acquisition vehicle, Strategy.