Fold secures up to $150 million in credit to expand its Bitcoin credit card business.

CoinFeed reported on May 27th that, 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 increments, to enhance the card issuance capacity of Fold's Bitcoin credit card project. This facility, secured by consumer credit card receivables, will fund subsequent card issuances for Fold without diluting its equity. Fold has already begun issuing cards to a select group of waiting list users and will gradually expand to more users in the future.