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via BeInCrypto · By BeInCrypto Editorial

Nasdaq Listed Fold Sells Bitcoin to Clear Debt and Stock Rallies 140%

BTC

BTC/USDT

$84,209.48

-0.31%

$84,209.48

-0.31%

(24s)

24h Volume

$15,133,725,790.00

24h H/L

$85,255.00 / $83,183.00

Change: $2,072.00 (2.49%)

Long/Short

58.1%

Long: 58.1%Short: 41.9%

Funding Rate

+0.0002%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$84,056.77

▼ -0.05%

Volume (24h): -

Resistance Levels

Resistance 3$87,335.96

Resistance 2$85,667.07

Resistance 1$84,123.41

Price$84,056.77

Support 1$84,021.79

Support 2$80,169.72

Support 3$77,064.96

Pivot (PP):$84,179.33

Trend:Uptrend

RSI (14):64.1

BeInCrypto Editorial

(02:11 PM UTC)

1 min read

Updated byOlivia Bennett

0 comments

Fold Holdings (FLD) sold roughly $45 million of Bitcoin (BTC) at an average price of $71,000 on Wednesday. The proceeds repaid $20 million of Bitcoin-collateralized debt and freed $25 million for growth.

The Nasdaq-listed Bitcoin financial services company said the move erases all of its secured debt. Its revolving credit facility remains untouched.

Fold Sells Bitcoin at 14% Above Spot Price

Fold…

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BeInCrypto Editorial · BeInCrypto

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