Fold Holdings sells $45M Bitcoin, clears debt, shares jump

On Wednesday, June 10, 2026, Nasdaq-listed fintech company Fold Holdings announced it had sold approximately $45 million worth of its bitcoin holdings, using the proceeds to eliminate all of its secured debt and fund new growth initiatives. The company's stock price surged dramatically following the news.

Fold monetized its bitcoin at an average price of roughly $71,000 per coin. From the $45 million in proceeds, $20 million was used to fully repay its bitcoin-collateralized secured debt. The remaining $25 million will be held as unrestricted capital to support the expansion of its consumer and enterprise product lines.

Chairman and CEO Will Reeves framed the transaction as a defensive move to strengthen the company's financial position ahead of a pivotal product launch period. By retiring the debt, Fold has eliminated recurring monthly interest payments, which the company said will immediately improve its cash flow. The move also removes the risk associated with debt collateralized by a volatile asset; bitcoin's price was trading near $61,200 at the time of the announcement, notably below Fold's average sale price.

The freed-up capital is earmarked to scale the company's...