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FLD
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174 days

Fold Expands Bitcoin Treasury with Additional BTC Purchase

1. FLD bought 10 bitcoin at $87,500 each, reinforcing its treasury strategy. 2. This purchase indicates Fold’s confidence in bitcoin as a long-term asset.

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Why Bullish?

Acquiring more bitcoin suggests strong belief in its value, likely boosting investor confidence. Historical trends show that companies accumulating bitcoin tend to see a positive market response, as seen with MicroStrategy's similar strategy.

How important is it?

FLD's active management of its treasury through bitcoin highlights strategic growth initiatives, attracting both current and potential investors. The focus on bitcoin as a reserve asset indicates a forward-thinking approach, likely increasing its importance among stakeholders.

Why Long Term?

The decision reflects a long-term commitment to bitcoin, which can enhance FLD's market positioning. Over time, as bitcoin’s potential increases, this could drive sustained interest and investment in FLD.

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MSTRGBTCCOIN
PHOENIX--(BUSINESS WIRE)--Fold Holdings, Inc. (NASDAQ: FLD) (“Fold”), a pioneering bitcoin financial services company, today announced the opportunistic purchase of an additional 10 bitcoin for its treasury at an average price of approximately $87,500 per bitcoin, inclusive of fees and expenses. This latest bitcoin addition underscores Fold's belief that bitcoin is a valuable long-term asset and aligns with its strategy of holding bitcoin as a core treasury reserve. Fold is positioned among the.

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