Another company bought a large amount of Bitcoin during the fall, the CEO has spoken!

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Bitcoin** financial services company Fold has announced that it has added 475 BTC to its treasury with a market capitalization of approximately $41 million. This latest acquisition brings the company's total BTC holdings to over 1,485 BTC, worth around $130 million at current market prices.

Fold's move mirrors a strategy spearheaded by Michael Saylor's MicroStrategy (artık Strategy) company, which is raising funds through the issuance of convertible bonds to increase Bitcoin reserves.

"We believe that Bitcoin will play a key role in the foundation of a new financial era, and Fold will help lead the way on this path," Fold CEO Will Reeves said in a statement, adding: "As the first publicly traded BTC financial services company, we believe that owning a significant BTC treasury not only creates value for our shareholders, but more importantly, strengthens our ability to power the next generation of financial services built on Bitcoin."

Fold, which began trading publicly on the Nasdaq Composite last month under the ticker FLD, rewards those who use its services with Bitcoin. The company has already distributed over $20 million in BTC to its customers through debit card, insured accounts, and bill payment features.

"Fold's BTC treasury serves a dual purpose: it provides value to investors seeking exposure to Bitcoin, while serving as a corporate strategic reserve to support our growing suite of Bitcoin-native financial products," Reeves added.

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