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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.
