Key Highlights
- $41 Million BTC Boost: Fold Holdings acquired 475 BTC for $41 million on March 7, 2025, increasing its treasury to 1,485 BTC—worth over $135 million—via a convertible note at a $12.50 share premium.
- Top-10 U.S. Treasury Rank: The purchase elevates Fold into the top 10 U.S. public companies holding Bitcoin, a leap from its top-15 spot after a 10 BTC buy in February, aligning with CEO Will Reeves’s vision for a Bitcoin-native financial era.
- Strategic Timing: Fold’s move follows Trump’s March 7 Strategic Bitcoin Reserve order, reinforcing corporate BTC adoption trends, with its stock jumping 27% amid a volatile market.
Fold Holdings, a Nasdaq-listed Bitcoin financial services firm, announced on March 7, 2025, that it has added 475 Bitcoin (BTC)—valued at $41 million—to its corporate treasury, bringing its total holdings to 1,485 BTC. The acquisition, financed through a convertible note issuance at a $12.50 per share conversion price, a 100% premium over its March 5 closing stock price, solidifies Fold’s position among the top 10 U.S. publicly traded companies with the largest Bitcoin reserves. Fold’s stash is now worth over $135 million, reflecting a strategic push to deepen its Bitcoin-native financial ecosystem.
CEO Will Reeves underscored the dual purpose of the move. “Maintaining a significant Bitcoin treasury drives shareholder value while powering the next generation of financial services built on Bitcoin,” he said in a statement. Fold, which debuted on Nasdaq under the ticker “FLD” in February 2025 via a merger with FTAC Emerald Acquisition Corp., has positioned itself as the first publicly traded Bitcoin financial services company. Its flagship Fold App and debit card allow users to earn BTC rewards on everyday purchases, a model that has processed over $2 billion in volume since 2019, per company data.
The purchase aligns with a broader corporate trend of adopting Bitcoin as a reserve asset, accelerated by President Donald Trump’s March 7 executive order creating a Strategic Bitcoin Reserve. Fold’s latest acquisition, executed at roughly $86,316 per BTC based on the $41 million figure, follows a smaller 10 BTC buy on February 26 at $87,500 each, reinforcing its top-15 ranking among U.S. corporate holders before this leap. “Bitcoin will play a key role in a new financial era, and Fold will help lead the way,” Reeves added.
Fold’s treasury now rivals those of larger players like Marathon Digital (45,659 BTC) and Hut 8 (10,208 BTC), though it trails MicroStrategy’s 478,740 BTC, according to Bitcoin Treasuries data. The firm’s strategy leverages Bitcoin’s growing legitimacy—highlighted by the U.S. retaining $17 billion in seized BTC—while offering investors direct exposure through its stock.
The community sees Fold’s move as both opportunistic and forward-thinking. On X, the $41 million buy as a signal of confidence. Fold’s convertible note, issued at a premium, suggests a calculated bet on Bitcoin’s appreciation, with Reeves framing it as a “strategic reserve” to bolster products like the planned Bitcoin rewards credit card. Despite a year-to-date stock decline of over 30%, the firm’s treasury growth—up nearly 50% with this purchase—underscores its long-term vision.
As nations and corporations increasingly embrace Bitcoin, Fold’s $135 million reserve positions it to bridge traditional finance and a Bitcoin-powered future. With the U.S. summit legitimizing BTC as a store of value, Fold’s move could inspire other public firms to follow suit, though its success hinges on navigating Bitcoin’s volatility and delivering on its financial services promise.
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