Catenaa, Thursday, June 19, 2025-Fold, a publicly traded Bitcoin financial services firm, announced Tuesday it has entered an agreement to sell up to $250 million in new shares to select investors and institutions. The company intends to use most of the proceeds to expand its Bitcoin treasury.
Fold, which holds approximately 1,488 Bitcoin valued at just over $155 million, did not specify a timeline for the stock issuance. Shares in Fold were trading at $4.57, down nearly 3%, and have fallen roughly 60% since the start of the year.
The move reflects a growing trend among both private and public companies that are increasing their Bitcoin holdings, following the example set by Michael Saylor’s MicroStrategy. Currently, 236 entities, including 131 publicly traded firms, hold Bitcoin on their balance sheets, marking a 13% increase in the past month, according to Bitcointreasuries.net.
Bitcoin’s price recently slipped nearly 4% to about $104,500 amid a week-long decline from over $110,000. Some analysts caution that corporate Bitcoin accumulation carries risk. A recent Standard Chartered report found about half of non-crypto companies holding Bitcoin would face losses if the price fell below $90,000.
Fold’s capital raise aims to build its Bitcoin reserve as the digital asset continues to gain traction in corporate finance despite volatility.
