Bitcoin financial services company Fold announced on Friday that it had added 475 BTC to its vault, with a market value of approximately US$41 million, bringing its total position to more than 1485 BTC, with a market value of nearly US$130 million at today’s prices. The company adopted a strategy popularized by Michael Saylor’s Strategy (formerly MicroStrategy) to raise funds for the purchase by issuing convertible bonds.(Decrypt)
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