Fold Sells About $45M in Bitcoin to Repay Debt and Fund Growth.



Nasdaq-listed $BTC financial services company Fold said it sold about $45 million worth of Bitcoin at an average price of $71,000 and completed a series of capital restructuring measures. About $20 million of the proceeds were used to repay Bitcoin-backed secured debt, while the remaining $25 million will support business growth.

Following the transaction, Fold said it has repaid all secured debt, improved its liquidity and cash flow structure, and continues to hold a “meaningful” Bitcoin reserve while dynamically adjusting asset allocation to support future growth.

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