Fold Shares Jump 162% After Bitcoin Fintech Sells $45 Million in BTC, Wipes Out Debt – Decrypt
In brief Fold Holdings sold ~$45M in Bitcoin, used $20M to wipe out all secured debt and redirected the remaining $25M toward growth. The debt-free balance sheet is intended to accelerate expansion of its Bitcoin rewards credit card and support new product launches. The moves also eliminate monthly interest payments, improving cash flow for a...
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