PANews
PANews|5月 27, 2026 12:55
[Fold Secures Up to $150 Million Credit Facility to Expand Bitcoin Credit Card Business] According to GlobeNewswire, Fold Holdings (NASDAQ: FLD) has signed a four-year senior secured revolving credit agreement with Encina Lender Finance, with a maximum size of $150 million, including uncommitted incremental provisions, to enhance the issuance capacity of Fold's Bitcoin credit card program. The facility is collateralized by consumer credit card receivables, providing funding for Fold to support subsequent card issuances without diluting equity. Fold has begun issuing cards to select users on the waitlist and plans to gradually expand access to more users in the future.
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