Fold sells $45 million in Bitcoin to wipe out debt and stockpile cash for growth - Cryptopolitan

Crypto Insight Summary: * Fold Holdings sold $45 million in Bitcoin at $71,000 per coin, using $20 million to pay off all secured debt and keeping $25 million for growth spending. * Fold says it retains a significant Bitcoin treasury and plans to channel the freed capital into its credit card program and upcoming product launches. * The Nasdaq-listed company’s stock jumped nearly 140% in premarket trading after the news. **Fold Holdings (NASDAQ: FLD) has sold about $45 million worth of Bitcoin at an average price of $71,000 per coin. The company has used $20 million out of this sale to eliminate all of its secured debt and then directed the remaining $25 million toward growth initiatives.** The $71,000 average exit price for the Bitcoin sale stands at roughly 14% above BTC’s current price at around $62,200. This price difference suggests Fold executed the sales either during a period when BTC traded higher, or structured the transactions to ensure they happened at favorable pricing, rather than dumping its tokens into a falling market. Fold’s revenue in the first quarter of 2026 fell 21.1% to $5.6 million, with transaction volumes dropping by about 32% over the same period, according to the company’s Q1 earnings report. The current market conditions have not helped, as Bitcoin dipped below $60,000 before recovering, and US spot Bitcoin ETFs recorded $2.3 billion in net outflows during May, their worst so far in 2026. Tuesday’s sale is Fold’s second major deleveraging move in four months. In February, the company let go of $66.3 million in convertible notes and recovered 521 BTC that had been pledged as collateral. Crypto Insight Analysis: Direction: Bearish BTC Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Significant BTC sale by Fold adds to selling pressure, but market impact is limited by favorable execution price.