BUSINESSJun 10 · 14:57 UTCBITCOIN MAGAZINEMicah Zimmerman

Fold Holdings Dumps $45M in Bitcoin to Wipe Out Debt, Stock Briefly Pumps Over 130%

Fold Holdings sold $45 million in Bitcoin to eliminate secured debt and fund growth initiatives, becoming debt-free on the secured side while retaining a Bitcoin treasury. The company's stock initially surged over 130% but later declined, and it repaid $66.3 million in convertible notes, freeing up 521 BTC in collateral.

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Mentioned

Fold Holdings, Inc.organizationBitcointopicWill ReevespersonBitcoin Rewards Credit CardorganizationNASDAQorganizationFTAC Emerald Acquisition Corporganization

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