Fold Holdings Signs $250 million Equity Purchase Agreement to Expand Bitcoin Reserves

Nasdaq-listed bitcoin financial services company Fold Holdings has signed a $250 million equity financing agreement, which will be mainly used to increase its bitcoin reserves.
Under the terms of the agreement, Fold may, at its sole discretion, issue proceeds raised in tranches of common stock up to a maximum of $250 million upon satisfaction of SEC registration requirements. Cohen & Company Capital Markets acted as the exclusive placement agent for this financing.