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

$62,623.06

-2.07%

$62,623.06

-2.07%

(24s)

24h Volume

$18,812,351,370.69

24h H/L

$64,445.19 / $62,272.07

Change: $2,173.12 (3.49%)

Long/Short

66.3%

Long: 66.3%Short: 33.8%

Funding Rate

-0.0003%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$62,674.00

▼ -0.45%

Volume (24h): -

Resistance Levels

Resistance 3$68,191.60

Resistance 2$64,798.41

Resistance 1$62,983.97

Price$62,674.00

Support 1$61,870.64

Support 2$60,487.38

Support 3$59,130.91

Pivot (PP):$62,700.24

Trend:Downtrend

RSI (14):34.2

Decrypt Editorial

(02:21 PM UTC)

1 min read

Reviewed bySarah Chen

1147 views

0 comments

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.

Add COINOTAG as a Preferred Source

Add COINOTAG to your preferred sources in Google News and Search to see our coverage first.

Add on Google

Source

Decrypt Editorial · Decrypt

Read original →

Live BTC price →More BTC news →

Comments