Fold

Bitcoin

BlackRock

Genius

<p>Fold Holdings has sold approximately $45 million worth of Bitcoin and eliminated all of its secured debt obligations as the fintech company prepares for a new round of product launches and expansion efforts.</p>
<div id="cn-block-summary-block_dad0b1717b250d043f1957af4af98434" class="cn-block-summary">
 <div class="cn-block-summary__nav tabs"><span>Summary</span>
 </div>
 <div class="cn-block-summary__content">
  <ul>
   <li>Fold sold $45 million worth of Bitcoin, using $20 million to eliminate secured debt and retaining $25 million for growth initiatives.</li>
   <li>Shares surged as much as 162% after the announcement as investors reacted to the stronger balance sheet and improved liquidity.</li>
   <li>Fold joins companies including Sequans, Genius Group, MARA, and Bitdeer that have recently used Bitcoin holdings to repay debt or fund operations.</li>
  </ul>
 </div>
</div>
<p><a href="https://www.globenewswire.com/news-release/2026/06/10/3309688/0/en/fold-eliminates-20-million-of-debt-secures-25-million-of-non-dilutive-capital-to-accelerate-next-phase-of-growth.html" rel="noopener noreferrer nofollow">According</a> to Fold, the Nasdaq-listed company liquidated Bitcoin at an average price of roughly $71,000 per coin. The transaction generated about $45 million in proceeds, with $20 million used to repay Bitcoin-backed debt and the remaining $25 million retained as unrestricted cash.</p>
<p>Investors responded positively to the announcement, sending Fold shares up as much as 162% during Wednesday trading. The stock later sharply retreated from its session high as traders locked in profits following the initial rally.</p>
<figure class="wp-block-image size-full"><img width="1024" height="645" src="https://media.crypto.news/2026/06/image-123.webp" alt="FLD stock spikes to $1.60 before pulling back to $0.77, remaining up 25% intraday.">
 <figcaption>
  Source: <a href="https://finance.yahoo.com/quote/FLD/" rel="noopener noreferrer nofollow">Yahoo Finance</a>
 </figcaption>
</figure>
<p>According to the company, removing secured debt improves liquidity, increases monthly cash flow, and gives management more flexibility to invest in new products and pursue financing partnerships.</p>
<p>“We believe Fold is poised for growth and investing in that future is exactly what the company needs to do,” Fold Chairman and CEO Will Reeves said in a statement.</p>
<p>You might also like: <a href="https://crypto.news/ripple-introduces-xrpl-toolkit-to-support-ai-agent-transactions/" rel="noopener noreferrer nofollow"> Ripple introduces XRPL toolkit to support AI agent transactions </a></p>
<h2 class="wp-block-heading" id="the-company-has-strengthened-its-balance-sheet">The company has strengthened its balance sheet</h2>
<p>Company executives said the restructuring removes financing constraints that could have limited future expansion plans. Besides paying off debt, Fold expects the transaction to eliminate monthly interest expenses and improve its cash flow profile throughout the year.</p>
<p>Management said the additional capital will support recently launched products, including the Fold Credit Card, Bitcoin Gift Card, and Fold Business platform. Reeves stated that the Fold Bitcoin Credit Card remains one of the company’s largest long-term opportunities and said the stronger balance sheet should help support growth in cardholders and related partnerships.</p>
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 <p>“This decision reflects our conviction in Fold. We have reduced financing risk, strengthened our balance sheet, and ensured that short-term market volatility cannot stand in the way of executing our roadmap.”</p>
</blockquote>
<p>While Fold reduced its Bitcoin holdings, the company said it continues to maintain a significant Bitcoin treasury position.</p>
<h2 class="wp-block-heading" id="several-bitcoin-treasury-firms-have-also-tapped-reserves">Several Bitcoin treasury firms have also tapped reserves</h2>
<p>Fold’s decision follows similar moves by other Bitcoin-holding companies. As <a href="https://crypto.news/sequans-sells-half-its-bitcoin-as-debt-pressure-shakes-treasury-plan/" rel="noopener noreferrer nofollow">reported</a> by crypto.news earlier, Sequans Communications sold 1,025 BTC during the first quarter to help redeem convertible debt and fund an ADS buyback program, while AI-focused Genius Group <a href="https://crypto.news/genius-group-sells-entire-bitcoin-treasury-in-q1-as-debt-repayment-takes-priority/" rel="noopener noreferrer nofollow">liquidated</a> its remaining Bitcoin holdings to reduce debt and improve liquidity.</p>
<p>Elsewhere, <a href="https://crypto.news/mara-partners-with-starwood-to-build-ai-data-centers-shares-rally-17/" rel="noopener noreferrer nofollow">MARA Holdings</a> sold 15,133 BTC for roughly $1.1 billion, using most of the proceeds to repurchase convertible senior notes. Mining firm Bitdeer also <a href="https://crypto.news/bitdeer-cuts-btc-holdings-to-zero-as-bitcoin-slides/" rel="noopener noreferrer nofollow">exited</a> its entire 943 BTC treasury position.</p>
<p>The transactions show how some public companies have recently used Bitcoin holdings to strengthen balance sheets and fund corporate needs.</p>
<p>Read more: <a href="https://crypto.news/blackrock-updates-filing-for-bitcoin-income-etf-with-covered-calls/" rel="noopener noreferrer nofollow"> BlackRock updates filing for Bitcoin Income ETF with covered calls </a></p>

Fold sells $45M in Bitcoin to erase debt and fuel growth

Table of Contents

crypto.news

Other articles published on Jun 10, 2026

Join our free newsletter for daily crypto updates!