Bitcoin financial services company Fold announced that it has completed a $20 million convertible bond financing provided by ATW Partners, and the two parties have reached an agreement to provide an additional $10 million after merging with FTAC Emerald. The financing is secured by the company's assets, including a portion of Bitcoin, and the bonds will mature three years after Fold becomes a public company and will be converted into common stock of the combined company at a fixed conversion price of $11.50 per share.