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Fold sells $45M in Bitcoin to wipe out debt and fund growth
Fold sold roughly $45M in Bitcoin at an average price of $71K, using proceeds to eliminate all secured debt and fund $25M in business growth.
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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.
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bitcoinmagazine.com
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…
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theblock.co
Fold discloses $45 million bitcoin sale, pays off collateralized debt in full; shares surge 160%
Fold Holdings shares surged over 70% as the bitcoin fintech firm paid off its collaterized debt in full through a $45 million bitcoin sale.
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Fold sells $45M in Bitcoin to wipe out debt and fund growth
Fold sold roughly $45M in Bitcoin at an average price of $71K, using proceeds to eliminate all secured debt and fund $25M in business growth.
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Fold Holdings sells 633.8 Bitcoin to repay $20M debt, shares surge over 160%
Fold Holdings sold 633.8 BTC at $71K each to repay $20M in debt and secure $25M in growth capital. FLD shares surged over 160% on the news.
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news.bitcoin.com
Nasdaq-Listed Fold Sells $45M in Bitcoin, Clears $20M Debt and Frees Cash for Expansion
Bitcoin financial services firm Fold Holdings eliminates its secured debt and gains $25M in cash by monetizing $45M of its bitcoin treasury.