Fold Holdings, Inc. has announced a strategic $250 million equity purchase agreement to bolster its bitcoin reserves. This equity issuance will allow the company to sell up to $250 million in common stock, subject to SEC regulations. While the company isn't obligated to use these funds, it aims to utilize them for acquiring additional bitcoin for its treasury. Additionally, Fold has entered the retail market with a Bitcoin gift card, enhancing consumer access to cryptocurrency through traditional retail channels.
The Company expects to use the net proceeds from the Facility, if any, primarily to acquire additional bitcoin for Fold's corporate treasury.
The offers and sales of the Common Stock issuable under the Facility will be made in a private placement in reliance on an exemption from the registration requirements of the Securities Act of 1933.
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