{"id":73872,"date":"2026-06-11T10:10:55","date_gmt":"2026-06-11T10:10:55","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/nasdaq-listed-fold-sells-45m-in-bitcoin-clears-20m-debt-and-frees-cash-for-expansion\/"},"modified":"2026-06-11T10:10:55","modified_gmt":"2026-06-11T10:10:55","slug":"nasdaq-listed-fold-sells-45m-in-bitcoin-clears-20m-debt-and-frees-cash-for-expansion","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/nasdaq-listed-fold-sells-45m-in-bitcoin-clears-20m-debt-and-frees-cash-for-expansion\/","title":{"rendered":"Nasdaq-Listed Fold Sells $45M in Bitcoin, Clears $20M Debt and Frees Cash for Expansion"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Fold Holdings wiped out $20 million in secured debt by selling part of its bitcoin holdings.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Selling bitcoin at a $71,000 average price underscores corporate crypto treasury flexibility.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">CEO Will Reeves expects the $25 million cash injection to scale the Fold Bitcoin Credit Card.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Debt Elimination and <span>Liquidity<\/span> Boost<\/h2>\n<p>The Nasdaq-listed <span>bitcoin<\/span> financial services company, Fold, disclosed that it monetized approximately $45 million of <span>bitcoin<\/span> at an average price of about $71,000 per <span>bitcoin<\/span>. From the proceeds, Fold repaid $20 million of bitcoin-collateralized debt, completely erasing its secured debt obligations. The remaining $25 million of unrestricted cash has been allocated toward growth initiatives across the business.<\/p>\n<p>Company officials said the transactions have improved monthly <a href=\"https:\/\/news.bitcoin.com\/strategy-sells-bitcoin-for-first-time-dumps-32-btc-to-fund-preferred-stock-dividends\/\">net cash flows<\/a> by eliminating cash interest payments, enhanced <span>liquidity<\/span> and left the company with a meaningful <span>bitcoin<\/span> treasury position.<\/p>\n<p>\u201cWe believe Fold is poised for near-term growth and investing in that future is exactly what the company needs to do,\u201d Will Reeves, Fold\u2019s chairman and chief executive officer, said in a <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\" target=\"_blank\" rel=\"noopener noreferrer\">statement<\/a>.<\/p>\n<p>Reeves noted that over the past year, the company developed an aggressive product roadmap. In addition to recent rollouts\u2014including a credit card, a <span>bitcoin<\/span> gift card and its Fold Business platform\u2014the company plans to introduce new products in the coming months to expand its market reach.<\/p>\n<p>\u201cIncreased <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-liquidity\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">liquidity<\/a> and lower debt ensure we have the resources and flexibility to execute our plans during this pivotal moment for Fold,\u201d Reeves said.<\/p>\n<p>Management stated that the financial restructuring is expected to accelerate the growth of the Fold <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">Bitcoin<\/a> Credit Card. The company expects the added <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-liquidity\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">liquidity<\/a> and financing flexibility will allow it to support a larger cardholder base, pursue new funding relationships and capture a larger share of the economic returns generated by the card program. Leadership identified the credit card as one of the most significant long-term growth avenues within its ecosystem.<\/p>\n<p>Fold plans to maintain its<a href=\"https:\/\/news.bitcoin.com\/top-100-bitcoin-treasuries-now-hold-1-26m-btc\/\"> bitcoin treasury<\/a> position moving forward but retained the flexibility to monetize additional digital assets if it offers a high-return investment for shareholders. The company also kept its revolving credit facility open to back future growth.<\/p>\n<p>\u201cWe have reduced financing risk, strengthened our balance sheet, and ensured that short-term market <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-volatility\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">volatility<\/a> cannot stand in the way of executing our roadmap,\u201d Reeves said.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/nasdaq-listed-fold-sells-45m-in-bitcoin-clears-20m-debt-and-frees-cash-for-expansion\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Fold Holdings wiped out $20 million in secured debt by selling part of its bitcoin holdings. Selling bitcoin at a $71,000 average price underscores corporate crypto treasury flexibility. CEO Will Reeves expects the $25 million cash injection to scale the Fold Bitcoin Credit Card. Debt Elimination [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":73873,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/73872"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=73872"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/73872\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/73873"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=73872"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=73872"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=73872"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}