Fold Holdings Secures $250 Million Equity Financing to Boost Bitcoin Reserves

According to PANews, Fold Holdings, a Nasdaq-listed Bitcoin financial services company, has entered into a $250 million equity financing agreement. The funds will primarily be used to increase the company's Bitcoin reserves. Under the terms of the agreement, Fold Holdings has the discretion to issue common stock in phases, contingent upon meeting SEC registration requirements, with a maximum fundraising cap of $250 million. Cohen & Company Capital Markets is serving as the exclusive placement agent for this financing initiative.