Overview
- Fold monetized roughly $45 million of bitcoin at an average price near $71,000 per coin, a transaction announced on June 10, 2026.
- About $20 million of the proceeds was used to repay and eliminate all bitcoin‑collateralized secured debt, removing monthly interest payments tied to those loans.
- The remaining roughly $25 million sits on the balance sheet as unrestricted, non‑dilutive capital that management says will be deployed to scale the Fold Bitcoin Credit Card and new product rollouts.
- Fold says it still holds a meaningful bitcoin treasury and maintains access to a revolving credit facility plus larger equity‑purchase options to re‑accumulate or fund receivables as needed.
- Investors reacted with sharp intraday rallies—reports cited spikes up to about 162%—but shares stayed volatile, underscoring the market’s shift toward valuing balance‑sheet stability and product growth over pure bitcoin accumulation.