Fold Inc., a Nasdaq-listed bitcoin financial services company, said it sold bitcoin at an average price of $71,000, generating about $45 million in proceeds. According to Foresight News, the company used $20 million of the proceeds to repay bitcoin-backed debt.
Fold said it will allocate the remaining $25 million to support growth initiatives across its business.
STOCKS | Fold Inc. Sells Bitcoin to Repay $20 Million Debt and Fund Growth Plans
2026-06-10 12:53:50
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