Bitcoin financial services provider Fold liquidates $45 million worth of BTC! Fully repays $20 million in secured debt, and fully scales up its Bitcoin credit cards

According to the official announcement released today (10th) by Bitcoin financial services company Fold (NASDAQ: FLD), the company has successfully liquidated approximately $45 million worth of Bitcoin treasury assets (at an average price of about $71,000), thereby fully repaying $20 million of Bitcoin-backed secured debt and acquiring $25 million in non-dilutive cash capital. This move not only completely eliminates the company's secured debt but also injects strong liquidity into the scaling of its core product — the Bitcoin credit card.
(Background: After nearly four years of operation, Bitcoin L2 protocol Botanix shut down, and assets needed to be withdrawn before July 9)
(Additional context: Grayscale research director: Bitcoin is undervalued, but still has a way to go before becoming "the cheapest in history")

The first Bitcoin financial services company listed publicly on the U.S. NASDAQ, Fold Holdings, Inc. (NASDAQ: FLD), officially announced a major balance sheet optimization action today (10th). The official statement indicates that Fold has tactically monetized part of its Bitcoin (BTC) treasury, successfully eliminating all of the company's secured debt and significantly strengthening its cash flow and financial flexibility.

High-end liquidation at an average price of $71,000! Fully repaid $20 million secured debt

According to a press release from Fold, the company recently monetized approximately $45 million worth of Bitcoin assets, with an average price of about $71,000 per Bitcoin during liquidation. Fold then used this liquidation fund to fully repay the previously owed $20 million Bitcoin-backed loan, achieving the milestone of "eliminating all secured debt."

The remaining $25 million after debt repayment was entirely converted into the company's "unrestricted cash," which will be fully allocated to the next phase of business growth plans. This tactical treasury operation brings multiple financial benefits to Fold, including significantly enhancing asset liquidity, immediately eliminating monthly cash interest expenses, and effectively improving the company's monthly net cash flow. Despite some liquidation, Fold emphasizes that it still maintains meaningful Bitcoin treasury holdings and retains operational flexibility to monetize again at an appropriate time in the future.

CEO Will Reeves: Eliminating financing risk, fully pushing forward with "Bitcoin Credit Card"

In response, Fold CEO Will Reeves expressed strong confidence in the company's future expansion. He stated that this decision fully reflects the management team's confidence in Fold, not only successfully reducing financing risk and strengthening the balance sheet but also ensuring that short-term market volatility will not hinder the execution of the company's product roadmap.

Reeves particularly emphasized that over the past year, Fold has built the strongest product lineup in its history, including recently launched credit cards, Bitcoin gift cards, and Fold Business enterprise products. The liquidity gained from this transaction will directly accelerate the growth of the "Fold Bitcoin Credit Card™," which is regarded as the most promising core engine within the Fold ecosystem for long-term potential. "The increased liquidity and reduced debt give us the resources and flexibility to execute our plans at this critical moment," Reeves added. This non-dilutive capital will support the company's scaling efforts and enable more cardholders and additional financing partnerships, propelling Fold into one of its most significant growth phases in history.