Fold Holdings Join Top 10 Public Bitcoin Holders Following Latest Purchase

Fold Holdings, the first publicly traded Bitcoin financial services company, increased its Bitcoin treasury today, adding 475 BTC, this represents a nearly 50% increase, bringing Fold’s total holdings to over 1,485 BTC.

Moreover, the firm acquired additional Bitcoin in exchange for a convertible note. The note had a $12.50 per share conversion price, a premium exceeding 100% of FLD’s March 5, 2025 closing price.

Fold Holdings Joins Top 10

Fold’s latest btc purchase firmly nudge push it within the top ten U.S. public companies holding the largest BitcoinBitcoin treasuries, which highlights its commitment to a Bitcoin friendly financial future.

“We believe Bitcoin will play a key role in the foundation of a new financial era, and Fold will help lead the way,” said Will Reeves, Chief Executive Officer of Fold.

“As the first publicly traded bitcoin financial services company, we believe maintaining a significant bitcoin treasury not only drives value for our shareholders, but more importantly, strengthens our ability to power the next generation of financial services built on bitcoin,” Reeves asserted.

The firm noted it uses its Bitcoin holdings in two key ways: to provide investors with Bitcoin exposure and as a financial reserve for its Bitcoin-based services.

Notably, the company’s commitment is to connect traditional finance with the Bitcoin ecosystem, making sure its users makes profit from Bitcoin’s future potential.

However, as more people become more Bitcoin friendly globally, Fold continues its goal of becoming a leading provider of Bitcoin-focused financial services.

Nations, including the U.S., increasingly recognize Bitcoin as a strategic reserve asset and integrate it into their monetary systems.

Fold Debut on Nasdaq

On February 19th, Fold Holdings made its public debut on the Nasdaq Composite on Wednesday. This marks a significant step for the relatively small number of crypto-focused firms listed on major US stock exchanges. Trading commenced at $10.25 per share, quickly rising to over $12.

CEO Will Reeves expressed enthusiasm in a press release, stating that the Nasdaq listing allows Fold to further its mission of expanding access to Bitcoin rewards and financial services.

Fold’s journey to the Nasdaq involved a special purpose acquisition company (SPAC) merger with FTAC Emerald Acquisition Corp., finalized last year with a valuation of $365 million. Since its 2019 inception, Fold has processed over $2 billion in transaction volume across services including bill pay, debit cards, and insured accounts.