Fold Holdings has sold approximately $45 million worth of Bitcoin to strengthen its financial position. The company monetized its Bitcoin holdings at an average price of $71,000 per BTC, using $20 million to repay Bitcoin-backed debt and allocating $25 million for business expansion. This strategic move eliminates all secured debt, enhances liquidity, and improves monthly net cash flow, while maintaining a significant Bitcoin reserve. CEO Will Reeves emphasized that the transactions aim to mitigate financing risks and protect against short-term market volatility.
Fold Sells $45 Million in Bitcoin to Repay Debt and Boost Growth
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