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

BTC

BTC/USDT

$63,080.33

-0.07%

$63,080.33

-0.07%

(24s)

24h Volume

$2,491,697,787.73

24h H/L

$63,175.00 / $62,920.00

Change: $255.00 (0.41%)

Long/Short

67.9%

Long: 67.9%Short: 32.1%

Funding Rate

+0.0026%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$63,133.03

▲ 0.07%

Volume (24h): -

Resistance Levels

Resistance 3$66,089.72

Resistance 2$64,397.36

Resistance 1$63,626.50

Price$63,133.03

Support 1$62,999.35

Support 2$62,275.00

Support 3$61,056.47

Pivot (PP):$63,064.66

Trend:Downtrend

RSI (14):43.6

Bitcoin Magazine Editorial

(02:57 PM UTC)

1 min read

Reviewed byDavid Kim

0 comments

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…