American crypto monetary services company Fold, with 475 BTC added to its treasury, has raised its total reserves to 1,485 BTC. This move carried the market value of the company’s crypto currency to approximately $ 130 million. Company, Bitcoin $84,933.38 He adopted the strategy of collection of funds through export that can be converted to finance purchases. Fold’s step shows that Bitcoin puts Bitcoin at the center of his long -term financial plans. The statement arrived a day after the agenda of former US President Donald Trump’s crypto currency reserve.
Fold’s Bitcoin Strategy and Microstrategy Effect
Fold watched the path of Michael Saylor, the founder of Microstrategy, while increasing Bitcoin reserve. The company continues to purchase crypto money with its funds through convertible promissory notes. This method provides indirect exposure to shareholders and strengthens the company’s balance sheet. Fold CEO Will Reeves stressed that Bitcoin will play a critical role in the future financial system.
Reeves, “to add value to the shareholders and to develop Bitcoin -based products, we are expanding our reserve,” he said. The company’s shares, which were traded with FLD code in Nasdaq, closed at $ 7,58 with a decrease of 1.7 %on the last trading day. However, the total value of Bitcoin awards, which Fold distributed to its users in 2024, exceeded $ 20 million.
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Financial Products and Bitcoin Reward Systems
Fold allows customers to bring Bitcoin to customers with Debit Card, Insured Account and Invoice Payment Services. These products aim to increase their crypto money. While the company gains popularity especially among young investors, it follows a more aggressive growth strategy than its competitors.
The system, which can collect Bitcoin with its expenditures, is an alternative to traditional financial products. This model of Fold attracts the attention of similar companies in the crypto money market. The company also signaled that it will continue to increase reserves despite fluctuations in the price of Bitcoin. However, the average purchase cost and details about the reserve were not shared.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
