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Nasdaq-Listed Fold Sells $45M in Bitcoin, Clears $20M Debt and Frees Cash for Expansion

Fold Holdings recently sold $45 million in bitcoin and used the proceeds to pay off $20 million in bitcoin-collateralized loans. Debt Elimination and Liquidity Boost The Nasdaq-listed bitcoin financial services company,...

Nasdaq-Listed Fold Sells $45M in Bitcoin, Clears $20M Debt and Frees Cash for Expansion
Fold Holdings recently sold $45 million in bitcoin and used the proceeds to pay off $20 million in bitcoin-collateralized loans. Debt Elimination and Liquidity Boost The Nasdaq-listed bitcoin financial services company, Fold, disclosed that it monetized approximately $45 million of bitcoin at an average price of about $71,000 per bitcoin. From the proceeds, Fold repaid […]

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