Fold Holdings (FLD) completely said it has completely settled its collateralized loan and freed capital for corporate development by monetizing approximately $45 million worth of its (BTC) holdings at an average price of $71,000 per coin.
Fold used $20 million of the proceeds to eliminate all of its bitcoin-collateralized debt and allocated the remaining $25 million toward growth, the company disclosed in a Wednesday announcement.
At $71,000 per bitcoin, the $45 million transaction implies Fold liquidated roughly 634 bitcoin.
Bitcoin Treasuries data puts the company's current holdings at approximately 826 BTC, though that figure predates Wednesday's disclosure and has not yet been updated to reflect the transaction.
Balance sheet rationale
