Nasdaq-listed Bitcoin financial services company Fold announced that it sold approximately $45 million worth of Bitcoin assets at an average price of $71k, while completing a series of capital restructuring operations. Of the proceeds from the sale, about $20 million was used to repay secured debt collateralized by Bitcoin, and the remaining approximately $25 million was allocated for business growth investments. After the transaction, Fold has fully repaid all secured debt and improved its liquidity and cash flow structure.



However, Fold stated that it still maintains a "meaningful scale" of Bitcoin reserves and will continue to dynamically adjust its asset allocation based on return performance to support future growth plans.
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GateUser-dce566e8
· 3h ago
Sold for 45 million dollars, but they say there are reserves with a "meaningful scale," which is an interesting statement. How much is left is anyone's guess.
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GateUser-a9315d81
· 3h ago
The average price is 71,000. Now looking back, it was effectively cashing out at a high level—the institutions really nailed the timing window.
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PaperhandsPoet
· 3h ago
Paying off all secured debts is very important; after deleveraging, you can go into the next cycle lightly equipped, allowing for more flexibility.
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0xLateCoffee
· 4h ago
Fold’s move is pretty solid—selling at a 71k average price, paying off debts, and still keeping a few things up our sleeve; the cash flow is healthy, stronger than anything else.
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Front-RunningArbitrage
· 4h ago
Using 20 million to pay off collateralized debt, 25 million to invest in business, this fund allocation is much more reliable than many DeFi protocols.
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