Fold Holdings just sold roughly three-quarters of its Bitcoin treasury. The NASDAQ-listed fintech offloaded 633.8 BTC at an average price of around $71,000 per coin, netting approximately $45 million in proceeds.
Of that haul, $20 million went straight to wiping out the company’s Bitcoin-collateralized debt. The remaining $25 million lands on the balance sheet as non-dilutive capital earmarked for growth. Fold’s Bitcoin stash now sits at 192.2 BTC, down sharply from the 826 BTC it held as recently as May 2026.
Investors, apparently, loved it. FLD shares surged more than 160% in intraday trading following the June 10 announcement.
A company selling most of its Bitcoin… and the stock goes up?
Secured debt backed by a volatile asset creates a ticking clock. If Bitcoin drops hard enough, the collateral gets called, and suddenly you’re a forced seller at the worst possible time. By proactively liquidating at $71,000 per BTC, Fold chose the timing instead of letting the market choose it for them.
