US-listed 'Fold Holdings' raises $250 million to accumulate Bitcoin

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Summary

Fold Holdings announced that it has raised $250 million in funding.
It was reported that the raised funds will be used for additional Bitcoin purchases.
Currently, the Bitcoin price is trading at $105,591, down 1% compared to 24 hours ago.

Fold Holdings, a Bitcoin (BTC)-focused financial services application listed on Nasdaq, has raised $250 million in funding.

According to GlobeNewswire on the 17th (local time), Fold announced in a press release, "We have entered into an Equity Purchase Facility (EPF) agreement worth a total of $250 million," and added, "The raised funds will be used for additional Bitcoin purchases."

As of 10:14 PM, Bitcoin is trading at $105,591 on the Binance USDT market, down 1% compared to 24 hours ago.

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