Fold Holdings Sells $45M in Bitcoin — Erases Debt and Boosts Growth
By John Nada·Jun 10, 2026·2 min read
Fold Holdings sells $45M in Bitcoin, wipes out debt, funds growth. Stock initially surges, then steadies. Strategic restructuring underscores crypto-market agility.
Fold Holdings, Inc. (NASDAQ: FLD) made a bold financial maneuver, unloading $45 million in Bitcoin to eliminate secured debt, boost its balance sheet, and fuel growth. This strategic sale was conducted at an average price of $71,000 per Bitcoin, according to Bitcoin Magazine.
The company didn't just stop at debt reduction. $20 million of the proceeds went directly to retiring bitcoin-collateralized debt, while $25 million is set to accelerate growth initiatives across consumer and enterprise platforms. This maneuver leaves Fold Holdings debt-free on the secured front, with a remaining Bitcoin treasury estimated at 1,492 BTC, valued at around $95 million.
Fold's stock saw a rollercoaster of a day, initially surging over 130% to $1.50 in early trading before sliding back to under $1 — still up about 30% on the day. This volatility underscores the market's reaction to the company's significant restructuring efforts.
March 2025 was a pivotal time for Fold. The company had initially built a sizable position in convertible notes to add 475 BTC to its treasury. Retiring this debt released 521 BTC from collateral, offering greater control over its crypto-assets moving forward. CEO Will Reeves noted that reducing financing risk and strengthening the balance sheet ensures that short-term market fluctuations won't derail their strategic roadmap.
Fold's Bitcoin Rewards Credit Card stands at the center of its growth strategy. The elimination of debt payments provides the flexibility to expand its cardholder base and attract financial partners keen to share in the program’s economics. Fold also has a $45 million revolving credit facility backed by Bitcoin and a $250 million equity purchase facility, emphasizing its commitment to a robust corporate treasury strategy.
Revenue figures tell a compelling story too. The fiscal year 2025 saw Fold’s revenue climb 34% to $31.8 million, driven by transaction volumes nearing $960 million. Since its inception in 2019, Fold has processed over $2 billion in transactions and distributed more than $45 million in Bitcoin rewards.
With a debt-free balance sheet and significant liquidity, Fold Holdings is primed for growth. The company now braces for what Reeves calls a "pivotal moment" as it gears up for several product launches, suggesting that the strategic shifts have set the stage for significant expansion in the crypto-financial services sector.