Fold Surpasses 1,000 BTC Milestone – Here’s Why It Matters

Fold made a huge step in the BTC market by purchasing ten more Bitcoin at an average of around $87,500 per piece. That places its reserves well over the one thousand BTC threshold. 

The company’s always in the business of bringing Bitcoin to the masses, and its products are made to allow people to bring crypto into daily financial routines. This latest acquisition is just the latest instance of how Fold is doubling down on its bet in the long-term value of Bitcoin. 

At the heart of it all is the Fold app – a rewards platform where users are paid Bitcoin every time, they shop using its debit and credit cards. The idea’s simple: make it as convenient to stack sats as it is to shop normally. And it seems to be working for consumers who desire exposure to Bitcoin without having to change their shopping behavior. 

Fold has only recently gone public on Nasdaq with the ticker symbol “FLD,” a move that elevates its profile and provides investors with a vehicle to support its Bitcoin-first approach. Increasingly, crypto firms are breaking into mainstream markets, and Fold’s listing is one part of a trend that indicates digital assets are insinuating themselves further into mainstream finance. 

Prior to this, Fold had also been building up its Bitcoin treasury, as part of a wider trend where more and more businesses are keeping BTC on their books. And it’s not by itself—Strategy, for instance, has accumulated nearly two billion USD in Bitcoin, taking its holdings to the tune of around 499,096 BTC. Corporate faith in crypto must just be increasing then. 

CEO Will Reeves clarified it: Fold isn’t giving up on its Bitcoin-led strategy. With its recent actions, the company is well on its way to becoming one of the biggest corporate owners of Bitcoin in America. The current share price of Fold, as of the publishing time, stands at $5.88.