So here’s the deal: Fold gets the option (because, of course, they do) to go on a massive Bitcoin buying spree using up to $250 million. They can buy it, or, you know, not. No pressure, right? No commitment. Just a casual “maybe we’ll do it, maybe not” situation. Classic.
But hold on! Before they can make any moves, Fold has to deal with some paperwork. First, they have to file a registration statement with the U.S. SEC. Yeah, that’s right—good old bureaucracy. They’ll review it, probably ask some unnecessary questions, and eventually, if everyone’s feeling generous, approve it. Then—only then—can they actually go ahead and sell any shares or, you know, make a penny off it.
And if you think this is all above board, guess what? Fold is going the private route, dodging all that messy public offering stuff, thanks to a little thing called legal exemptions. It’s like they’re doing the stock market equivalent of sneaking in through the back door. Very smooth, Fold. Very smooth.
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2025-06-17 17:10