Community Articles
via Decrypt · By Decrypt Editorial
Fold Shares Jump 162% After Bitcoin Fintech Sells $45 Million in BTC, Wipes Out Debt
BTC
BTC/USDT
$64,614.14
-0.01%
$64,614.14
-0.01%
(24s)24h Volume
$17,262,430,632.18
24h H/L
$64,718.87 / $63,267.34
Change: $1,451.53 (2.29%)
Long/Short
59.7%
Long: 59.7%Short: 40.3%
Funding Rate
+0.0064%
Longs pay
Data provided by COINOTAG DATALive data
DE
Decrypt Editorial(02:21 PM UTC)
1 min read
In brief
- Fold Holdings sold ~$45M in Bitcoin, used $20M to wipe out all secured debt and redirected the remaining $25M toward growth.
- The debt-free balance sheet is intended to accelerate expansion of its Bitcoin rewards credit card and support new product launches.
- The moves also eliminate monthly interest payments, improving cash flow for a company that posted a 21% revenue decline in Q1 2026. …
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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