Fold Announces $250 Million Stock Sale to Bolster Bitcoin Treasury Holdings

Bitcoin financial services firm Fold has taken a significant step to expand its cryptocurrency reserves by planning a $250 million stock sale. The Phoenix-based company aims to use the proceeds primarily for Bitcoin acquisitions, reinforcing its commitment to the digital asset. Fold currently holds 1,488 BTC, valued at approximately $155 million, showcasing its substantial stake in the cryptocurrency market. The shares will be offered to pre-selected investors, bypassing public markets, though the exact timeline for the offering remains undisclosed. This strategic move highlights Fold's bullish outlook on Bitcoin and its potential for long-term growth in the financial sector.

Fold Plans $250 Million Stock Sale to Expand Bitcoin Treasury

Bitcoin financial services firm Fold has entered into an agreement to issue and sell up to $250 million in new shares, with proceeds primarily earmarked for Bitcoin acquisitions. The Phoenix-based company will offer shares to pre-selected investors rather than through public markets, though no timeline has been set for the offering.

Fold currently holds 1,488 BTC worth approximately $155 million, representing a significant corporate treasury position. This move comes as bitcoin trades near $104,500, down 4% over 24 hours after recently surpassing $110,000. The stock issuance follows a 60% decline in Fold's share price year-to-date.

The announcement underscores growing institutional adoption, with over 130 public companies now holding Bitcoin on their balance sheets. Fold's aggressive accumulation strategy mirrors MicroStrategy's playbook, signaling continued corporate confidence in Bitcoin as a treasury asset despite recent price volatility.

Bitcoin Miners Grapple with Declining Revenue as Fee Income Drops to 3-Year Low

Bitcoin miners face mounting financial pressure as transaction fees plummet to less than 1% of total block rewards—the lowest share since 2022. Despite BTC's price stability above $100,000, network activity fails to translate into meaningful fee revenue for validators.

The current average transaction cost of $1.45 reflects subdued on-chain demand, compounding challenges for an industry already contending with post-halving economics. Miners now earn just 3.125 BTC per block plus diminishing fees, creating profitability headwinds even in a bullish market.

Luxor's Hashrate Index reveals this structural shift in miner economics, with June's figures continuing a worrying downward trajectory. The trend underscores Bitcoin's evolving reward mechanism as block subsidies decrease over time.

Semler Scientific's Bitcoin Holdings Raise Questions for Treasury Firms

Semler Scientific, a Nasdaq-listed healthcare technology firm, is trading at a near-parity with its Bitcoin holdings. The company's multiple-to-net asset value (mNAV) stood at 1.07 on Tuesday, indicating its $498.5 million enterprise value barely exceeds its 4,449 BTC worth $466 million.

Matthew Sigel, VanEck's head of digital assets research, notes this positions Semler as a bellwether for Bitcoin treasury companies. "Many may face similar pressure to demonstrate capital discipline in coming quarters," he observes. When mNAV falls below one, firms lose the ability to accretively grow Bitcoin-per-share through equity issuance.

The development comes as Semler recently expanded its Bitcoin treasury, though regulatory filings suggest the strategy now faces mathematical constraints. Market participants will watch whether the company can stabilize valuation ratios amid crypto market volatility.

Bitcoin Sell Pressure Intensifies Amid Geopolitical Tensions and FOMC Uncertainty

Bitcoin's price volatility has surged as geopolitical tensions between Israel and Iran escalate, compounded by anticipation of the Federal Open Market Committee (FOMC) meeting. The cryptocurrency briefly touched $109K before retreating below the critical $106K support level, signaling heightened market anxiety.

Glassnode data indicates a shift in market dynamics: seasoned Bitcoin holders are reducing exposure while new entrants drive sell-side pressure. Analyst Willy WOO suggests Bitcoin has entered its late bull market phase, further unsettling traders.

The crypto Fear & Greed Index climbed to 68, reflecting growing apprehension despite superficial 'Greed' signals. All eyes now turn to Fed Chair Jerome Powell's upcoming remarks for directional cues.

BlackRock Bitcoin ETF Tops $50B Inflows as Market Share Climbs

BlackRock's iShares Bitcoin Trust (IBIT) has surged past $50 billion in cumulative inflows, cementing its dominance in the spot Bitcoin ETF market. Monday's $266 million inflow pushed IBIT's assets under management to $72 billion, capturing 54% of the total market share.

The ETF's share price ROSE 3.5% to break through the $60 resistance level, marking a 40% rebound since April lows. Trading volume hit $2.3 billion as institutional demand for Bitcoin exposure continues to accelerate.

Fidelity's competing Bitcoin ETF shows growing investor support, though BlackRock maintains a commanding lead. The inflows reflect deepening institutional participation in crypto markets amid broadening adoption.

Fold Secures $250M Equity Facility to Expand Bitcoin Treasury Holdings

Fold Holdings, Inc. has established a $250 million equity purchase facility to accelerate its Bitcoin acquisition strategy. The NASDAQ-listed firm, already holding 1,490 BTC worth $157 million, plans to use proceeds from potential share sales to further grow its corporate treasury—positioning itself among the top public Bitcoin holders.

The flexible financing arrangement grants Fold complete discretion over timing and drawdown amounts, pending SEC registration approval. This MOVE signals institutional confidence in Bitcoin's long-term value proposition, with Fold joining a growing cohort of public companies allocating treasury reserves to digital assets.