Today, Fold Holdings, Inc. Declare The $ 250 million stock purchase agreement to significantly increase bitcoin property.
Fold Holdings has the option, but not the commitment, to issue and sell up to $ 250 million in new joint shares. The ability to reach funds is subject to certain conditions, including provided that a registration statement covering the reselling and approval of shares is submitted by the Securities and Stock Exchange Committee (SEC).
The press statement said: “The company is not required to use the attachment and control the timing and amount of any withdrawal on the facility, according to certain restrictions under the facility.” “The company expects to use clear returns from the facility, if any, primarily to get an additional Bitcoin for the Fold Corporation.”
The shares submitted under the facility will be issued through a special status, based on exemptions from the registration requirements of the Securities Law of 1933 and the D. Fold regulation, indicating that they “plan to submit a SEC statement in a registration statement related to the resale of the regular shares issued under the face.”
“The joint shares and sales of the shares that are issued under the facility will be offered in a special position based on an exemption from registration requirements in the Securities Law of 1933,” according to the press statement. “The company cannot benefit from the facility, and regular shares may not be sold and may not be accepted for purchase, before a time before the registration statement covering the re -sale of shared shares is announced by SEC.”
On May 19, Fold also announced the launch of its Bitcoin gift card, which represents its entry into the retail gift card market in the United States of $ 300 billion. This new product allows consumers to buy and calm Bitcoin through familiar retail channels, with plans to expand the main retailers worldwide throughout the year.
“This gift card gives us the distribution directly to millions of Americans who may not buy Bitcoin because they have not downloaded a new application, or have no mediation account, or they did not see ETF,” said the Chairman and CEO of Love Will Reeves.
“I think there is a real opportunity by the end of 2025 that Bitcoin becomes the most popular gift in America because of this card,” Reeves said.
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