Fold sells $45 million in Bitcoin to repay debt; shares jump 160%

Fold Holdings has sold about $45 million worth of Bitcoin at an average price of $71,000, according to Mars Finance, citing The Block. The company used $20 million of the proceeds to fully pay off its Bitcoin-backed loan, with the remaining $25 million earmarked for business expansion. At the stated sale price, Fold would have offloaded roughly 634 BTC. Bitcoin Treasuries data shows the firm still holds about 826 BTC on its balance sheet, though the figure has not yet been updated to reflect the transaction. Fold said the sale was executed as Bitcoin traded about 14% below its recent peak of $71,000, and is intended to reduce financing risk, strengthen cash flow, and support growth across its consumer and enterprise platforms, including its Bitcoin Credit Card. Following the disclosure, Fold's Nasdaq-listed shares (FLD) surged about 160%.