Dossier
Will Reeves
Coverage of Will Reeves in the Nexus archive.
- 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.
- Fold Lands $150 Million to Fuel Bitcoin Credit Card Growth
Fold Holdings secured a $150 million senior secured revolving credit facility from Encina Lender Finance to expand its Bitcoin Credit Card program. The funding avoids equity dilution and enables growth through a structure tied to credit card receivables, with the card operating on Visa and Stripe infrastructure and offering Bitcoin-based rewards.