BUSINESSJun 10 · 15:00 UTCTHE BLOCKNaga Avan-Nomayo

Fold discloses $45 million bitcoin sale, pays off collateralized debt in full; shares surge 160%

Fold Holdings sold $45 million in bitcoin to pay off its collateralized debt in full, resulting in a 160% surge in its shares. The company's stock price increased significantly following the debt repayment.

Nexus surfaces and summarizes. The full story lives at the source.

Mentioned

Fold Holdingsorganizationbitcointopiccollateralized debttopic

Spot something wrong with this article?Report a problem →

Forward this

Related Signal

Adjacent reporting

BUSINESSJun 10 · 14:57 UTC
Fold Holdings Dumps $45M in Bitcoin to Wipe Out Debt, Stock Briefly Pumps Over 130%
BUSINESSMay 5 · 14:24 UTC
Sequans sells 1,025 bitcoin to fund debt redemption and buybacks as revenue drops 24.8%
BUSINESSApr 30 · 08:54 UTC
Ark Invest buys $39 million worth of Robinhood shares, offloads $6 million of its own spot bitcoin ETF
BUSINESSMay 7 · 10:08 UTC
Core Scientific sold $208 million of bitcoin in Q1 as AI pivot continues
BUSINESSMay 19 · 11:44 UTC
TD Cowen raises Strategy price target to $400, citing faster bitcoin accumulation and accretive deleveraging