via Bitcoin Magazine · By Bitcoin Magazine Editorial
Fold Holdings Dumps $45M In Bitcoin To Wipe Out Debt, Stock Briefly Pumps Over 130%
BTC/USDT
$7,196,062,164.26
$63,448.00 / $62,436.59
Change: $1,011.41 (1.62%)
+0.0033%
Longs pay
Fold Holdings, Inc. (NASDAQ: FLD), the bitcoin financial services company behind a suite of consumer rewards products, announced a series of capital transactions designed to eliminate secured debt, strengthen its balance sheet, and fund the next phase of its growth strategy.
The company monetized approximately $45 million in bitcoin at an average price of around $71,000 per coin, used $20…
COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.
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