Today, Fold Holdings, Inc. (NASDAQ: FLD), the first publicly traded bitcoin financial services company, has announced a $250 million equity purchase agreement to significantly increase its bitcoin holdings.

Fold Holdings has the option, but not the obligation, to issue and sell up to $250 million in new common stock. The ability to access the funds is subject to certain conditions, including the requirement that a registration statement covering the resale of the stock be filed with and approved by the Securities and Exchange Commission (SEC).

“The Company is not required to use the Facility and controls the timing and amount of any drawdown on the Facility, subject to…

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