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via BeInCrypto · By BeInCrypto Editorial

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

BTC

BTC/USDT

$63,058.49

-0.00%

$63,058.49

-0.00%

(24s)

24h Volume

$2,454,334,377.30

24h H/L

$63,175.00 / $62,920.00

Change: $255.00 (0.41%)

Long/Short

68.0%

Long: 68.0%Short: 32.0%

Funding Rate

+0.0026%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$63,057.37

▼ -0.05%

Volume (24h): -

Resistance Levels

Resistance 3$66,089.72

Resistance 2$64,303.26

Resistance 1$63,626.50

Price$63,057.37

Support 1$62,999.35

Support 2$61,868.90

Support 3$61,056.47

Pivot (PP):$63,064.66

Trend:Downtrend

RSI (14):43.0

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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