Fold Holdings Dumps $45M in Bitcoin to Wipe Out Debt, Stock Briefly Pumps Over 130%
Bitcoin Magazine Fold Holdings Dumps $45M in Bitcoin to Wipe Out Debt, Stock Briefly Pumps Over 130% Fold Holdings sold roughly $45 million worth of bitcoin to eliminate secured debt and fund growth initiatives, leaving the company with a debt-free secured balance sheet, a treasury of 1,492 BTC, and renewed focus on expanding its Bitcoin rewards and financial services products.
This post Fold Holdings Dumps $45M in Bitcoin to Wipe Out Debt, Stock Briefly Pumps Over 130% first appeared on Bitcoin Magazine and is written by Micah Zimmerman.
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