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Crypto

A New Public Company Is Stacking Bitcoin

March 7, 2025
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Fold buys Bitcoin
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There’s a new buyer of Bitcoin in the public markets.

‍What’s happening:‍

  • Bitcoin financial services company Fold (NASDAQ: FLD) has announced a new purchase of 475 Bitcoin to hold directly as an asset

By the numbers:‍

  • Currently, Fold now holds a total of 1,485 Bitcoin

Why it matters:‍

  • Fold just recently became the first ever Bitcoin financial services company to go public on a major stock exchange in the United States and this additional Bitcoin purchase make them one of the largest holders of Bitcoin amongst all publicly listed companies in North America

Going deeper:‍

  • Fold enables users to purchase Bitcoin directly within their platform, as well as use their Bitcoin holdings to pay bills or make purchases
  • BitGo, Visa (NYSE: V) and Marqeta have all established existing partnerships with Fold which allows users of Fold to have both their Bitcoin holdings and their fiat currency holdings fully insured at all times

‍

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