Fold (FLD), a Bitcoin Financial Services Company that quotes on the stock market, has assured a capital purchase installation worth up to $ 250 million to increase its bitcoin
holdings.
Arizona’s headquarters said on Tuesday that he signed an agreement that granted him the right, but not the obligation, to issue and sell up to $ 250 million in new shares, waiting for regulatory conditions.
If activated, the fold plans to direct most of the income towards the expansion of its corporate Bitcoin Treasury, which already has 1,490 BTC. The installation was organized through Cohen & Company Capital Markets, a division of JVB Financial Group, LLC.
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