KryptoKite

Fold discloses $45 million bitcoin sale, pays off collateralized debt in full; shares surge 160%

The Block5h agoUpdated 4h ago
Fold discloses $45 million bitcoin sale, pays off collateralized debt in full; shares surge 160%
Smart Read

Fold Holdings shares surged over 70% as the bitcoin fintech firm paid off its collaterized debt in full through a $45 million bitcoin sale....

Coins in this story

BTC
Bitcoin
BTC
₹60,800.31
-0.32%
ViewTrade BTC
Trade BTCRead original on The Block

Related stories

Fold Holdings Dumps $45M in Bitcoin to Wipe Out Debt, Stock Briefly Pumps Over 130%
Bitcoin Magazine5h ago60-word brief

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 financia...

BTCRWA
Read full story
Source
Trade BTC
Fold Shares Jump 162% After Bitcoin Fintech Sells $45 Million in BTC, Wipes Out Debt
Decrypt5h ago60-word brief

Fold Shares Jump 162% After Bitcoin Fintech Sells $45 Million in BTC, Wipes Out Debt

Publicly traded Fold sold Bitcoin holdings to restructure its balance sheet, fueling a stock surge on Wednesday morning....

BTCETHMemes
Read full story
Source
Trade BTC
KryptoKite aggregates and summarises third-party crypto news. This is informational content, not investment advice. KryptoKite does not recommend buying or selling any asset.