Fold Sells $45M in Bitcoin to Wipe Out Debt and Back Next Growth Phase – Blockonomi
TLDR: Fold sold ~$45M in Bitcoin at an average price of $71,000 to fund a full balance sheet reset. The company repaid $20M in Bitcoin-collateralized debt, eliminating all secured obligations. A $25M cash allocation targets Credit Card scaling, new products, and financing partnerships. Fold retains a Bitcoin treasury position and keeps its revolving credit facility…