Fold

Robinhood

Bitcoin

<a href="https://www.thestreet.com/crypto/retail/91-year-old-fast-food-chain-announces-5-bitcoin-rewards-deal" rel="noopener noreferrer nofollow">Fold Holdings</a> (Nasdaq: FLD) is a Bitcoin (BTC) -focused fintech firm that offers innovative products like&nbsp;Fold App, Fold Credit Card, Fold Bitcoin Gift Card, and Fold Debit Card.
The company <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">announced</a> on June 10 that it&nbsp;liquidated approximately&nbsp;$45 million in Bitcoin&nbsp;at around $71,000&nbsp;apiece.
<a href="https://www.thestreet.com/crypto/markets/microstrategy-cfo-sells-company-shares-amid-stock-plunge" rel="noopener noreferrer nofollow">Related: MicroStrategy CFO sells company shares amid stock plunge</a>
It then used&nbsp;$20 million from the proceeds of the sale to repay Bitcoin-collateralized debt and&nbsp;allocated&nbsp;the remaining $25 million to growth initiatives&nbsp;across the business.
Following these transactions, Fold said it eliminated all secured debt, strengthened liquidity, maintained a meaningful Bitcoin treasury position, improved monthly net cash flows, and increased its capacity to support future growth and financing&nbsp;initiatives.
The company said the strengthened balance sheet is expected to accelerate the growth of the Bitcoin Credit Card. Increased liquidity and financing flexibility allow the company to support a larger cardholder base, pursue additional capital raises, and participate more meaningfully in the card program, the company said.
The purpose of the transactions is to&nbsp;eliminate secured debt obligations, improve cashflows, and allow the company to materially scale its consumer and enterprise platforms, it said.
Fold said that though it continues to maintain a meaningful Bitcoin treasury position, it has the flexibility to monetize additional holdings if it translates into the highest investment return for shareholders.
<h3 id="trending-on-thestreet-roundtable">Trending on TheStreet Roundtable:</h3>
<ul>
 <li><a href="https://www.thestreet.com/crypto/markets/microstrategy-cfo-sells-company-shares-amid-stock-plunge" rel="noopener noreferrer nofollow">MicroStrategy CFO sells company shares amid stock plunge</a></li>
 <li><a href="https://www.thestreet.com/crypto/markets/new-york-wants-big-tech-out-of-stablecoin-business" rel="noopener noreferrer nofollow">New York wants big tech out of stablecoin business</a></li>
 <li><a href="https://www.thestreet.com/crypto/markets/analyst-predicts-214-surge-for-battered-stock" rel="noopener noreferrer nofollow">Analyst predicts 214% surge for battered stock</a></li>
</ul>
<h2 id="fold-stock-surges-160-on-announcement">Fold stock surges 160% on announcement</h2>
Following the announcement, the company's stock hit the intraday high of $1.60 on June 10—a surge of more than 160% above the June 9 closing price of $0.61.&nbsp;
However, the stock is still down 60% this year.
It hit the all-time high (ATH) of $14 on Feb. 19, 2025. The current stock price is nowhere close to such highs.
The FLD stock was trading at $0.76 at press time.
<figure><a href="https://app.decibel.trade/trade/BTC-USD" rel="noopener noreferrer nofollow"></a>
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 BTC/USD, Source: Decibel
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Bitcoin hit the ATH of&nbsp;$126,080 on&nbsp;Oct. 6, 2025, and was trading 50% lower at $62,171, <a href="https://app.decibel.trade/trade/BTC-USD" rel="noopener noreferrer nofollow">as per Decibel</a>.
<a href="https://www.thestreet.com/crypto/markets/robinhood-surging-on-june-10" rel="noopener noreferrer nofollow">Related: Why is Robinhood surging on June 10?</a>

Popular cashback company surges 160% after major Bitcoin sale

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