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American cryptocurrency services company Fold has increased its total reserves to 1,485 BTC by adding 475 BTC to its treasury. This move brings the market value of the company’s cryptocurrency assets to approximately $130 million. Fold has adopted a fundraising strategy through convertible bond issuance to finance its Bitcoin 
$103,604 purchases, indicating that Bitcoin is central to its long-term financial plans. The announcement came just a day after former U.S. President Donald Trump’s agenda regarding cryptocurrency reserves.
Fold’s Bitcoin Strategy and MicroStrategy Influence
As Fold increases its Bitcoin reserves, it is following in the footsteps of MicroStrategy founder Michael Saylor. The company continues its cryptocurrency purchases using funds raised through convertible notes. This method provides indirect Bitcoin exposure to shareholders while strengthening the company’s balance sheet. Fold CEO Will Reeves emphasized their belief in Bitcoin’s critical role in the future financial system.
Reeves stated, “We are growing our reserves to add value for shareholders and develop Bitcoin-based products.” The company’s shares, trading under the FLD code on Nasdaq, closed at $7.58 with a 1.7% drop on the last trading day. Nevertheless, the total value of Bitcoin rewards distributed to users by Fold in 2024 has exceeded $20 million.
Financial Products and Bitcoin Reward Systems
Fold offers customers opportunities to earn Bitcoin through debit cards, insured accounts, and bill payment services. These products aim to increase cryptocurrency adoption. The company is gaining popularity, particularly among young investors, while pursuing a more aggressive growth strategy compared to its competitors.
The system that allows users to accumulate Bitcoin through their spending creates an alternative to traditional financial products. Fold’s model is attracting attention from similar companies in the cryptocurrency market. The company has also signaled it will continue to increase reserves despite fluctuations in Bitcoin prices, though details regarding average acquisition costs and reserves have not been disclosed.
