Bitcoin financial services company Fold (FLD) has secured stock purchase facilities worth up to $250 million to grow Bitcoin
BTC$105,637.61
Holdings.
The Arizona-based company said Tuesday it signed an agreement granting the right to issue and sell up to $250 million in new shares due to pending regulatory terms.
If activated, Fold plans to direct most of its revenues towards the expansion of the company's Bitcoin Treasury. The facility was located through Cohen & Company Capital Markets, a division of JVB Financial Group, LLC.
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