Fold Sells $45M in Bitcoin to Fully Clear Debt and Support Expansion

Fold, a Nasdaq-listed Bitcoin financial services firm, has completed a $45 million Bitcoin sale, with the cryptocurrency sold at an average price of $71,000 per coin as part of a wider capital restructuring plan.

The company directed roughly $20 million of the proceeds toward repaying Bitcoin-backed secured debt, with the remaining $25 million allocated to growth initiatives. Following the transaction, Fold said it has fully eliminated its secured debt and improved its liquidity and cash flow position.

Despite the sale, Fold noted that it continues to maintain a significant Bitcoin treasury and will adjust its asset allocation strategy as needed to support future expansion.

Source: Fold, Inc.