₿ Fold Sells $45M in Bitcoin to Eliminate Debt and Fund GrowthFold Holdings has sold approximately 634 BTC at an average price of $71,000 per coin, raising around $45 million.


🔸 The company used $20 million of the proceeds to fully repay its Bitcoin-backed debt, removing both interest expenses and the risk of forced selling during periods of market volatility.
🔸 Following the transaction, Fold still holds an estimated 826 BTC on its balance sheet.
🔸 The remaining $25 million will be invested into business expansion, with the company's newly launched Bitcoin credit card expected to be a key growth driver.
🔸 Fold stated that its stronger liquidity position will help support a larger customer base and expand financial partnerships. The company also noted that it may sell additional Bitcoin in the future if management believes it represents the most efficient use of capital for shareholders.
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