08:55 AM EDT, 06/17/2025 (MT Newswires) -- Fold (FLD) said Tuesday it agreed to a $250 million equity purchase facility, with net proceeds to be used to acquire bitcoin for its corporate treasury.

Under the terms of the facility, the company has the right to issue and sell up to $250 million of newly issued shares in a private placement, the company said.

Shares of the company were down more than 8% in recent premarket activity.