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Fold Holdings Dumps $45M In Bitcoin To Wipe Out Debt, Stock Briefly Pumps Over 130%
Fold Holdings sold roughly $45 million worth of bitcoin to eliminate secured debt and fund growth initiatives, leaving the company with a debt-free secured balance sheet, a treasury of 1,492 BTC, and renewed focus on expanding its Bitcoin rewards and financial services products.
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decrypt.co
Fold Shares Jump 162% After Bitcoin Fintech Sells $45 Million in BTC, Wipes Out Debt - Decrypt
Publicly traded Fold sold Bitcoin holdings to restructure its balance sheet, fueling a stock surge on Wednesday morning.
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cryptobriefing.com
Fold sells $45M in Bitcoin to repay debt and fund growth
Fold Holdings sold $45M in Bitcoin to repay $66.3M in convertible debt, freeing 521 BTC from collateral while maintaining a 1,492 BTC treasury worth $95M.
