Fold Sells $45 Million in Bitcoin to Repay Debt and Fund Expansion

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The post Fold Sells $45 Million in Bitcoin to Repay Debt and Fund Expansion appeared first on Coinpedia Fintech News

Fold, a Nasdaq-listed Bitcoin financial services firm, sold approximately $45 million worth of Bitcoin at an average price of $71,000 as part of a broader capital restructuring plan. The company used about $20 million of the proceeds to repay Bitcoin-backed secured debt, with the remaining $25 million allocated to business growth initiatives. The move matters …