Fold Holdings Sells $45M Bitcoin, Eliminates Debt, Stock Surges 162%
On June 10, 2026, Nasdaq-listed Fold Holdings sold approximately $45 million in Bitcoin at $71,000 per coin, using $20 million to repay all Bitcoin-collateralized secured debt and freeing $25 million for growth initiatives, including its Bitcoin Credit Card rollout. The move eliminated monthly interest payments and improved liquidity. Shares surged up to 162% in premarket trading, though the stock remains down 58% year-to-date. CEO Will Reeves framed the sale as protecting against short-term volatility while strengthening the balance sheet for product expansion.
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Fold Holdings stock surges 160% after selling $45 million in Bitcoin to eliminate debt
Fold Holdings (Nasdaq: FLD), a Bitcoin-focused fintech company known for its cashback products, announced on June 10, 2026, that it sold approximately $45 million worth of Bitcoin at around $71,000 per coin. The company used $20 million of the proceeds to repay all Bitcoin-collateralized secured debt, eliminating its secured debt obligations entirely. The remaining $25 million was allocated to growth initiatives, including scaling its Bitcoin Credit Card platform. Following the announcement, FLD stock surged over 160% to an intraday high of $1.60, though it remains down 60% year-to-date and far below its all-time high of $14 reached in February 2025. The company stated it maintains a meaningful Bitcoin treasury position and retains flexibility to monetize additional holdings. Bitcoin itself was trading at $62,171 at the time of reporting, down 50% from its all-time high of $126,080 in October 2025.
Yahoo FinanceFold Eliminates $20 Million Debt and Secures $25 Million in Non-Dilutive Capital for Growth Plans
Fold (NASDAQ:FLD) announced it eliminated $20 million in secured debt by monetizing approximately $45 million of bitcoin at an average price of $71,000 per bitcoin. The company retained $25 million in unrestricted cash to fund growth initiatives without issuing new equity. The balance sheet restructuring removes monthly interest obligations, improves liquidity, and provides flexibility for product expansion, including the Fold Bitcoin Credit Card, Bitcoin Gift Card, and Fold Business offerings. Management emphasized the credit card as a major long-term growth opportunity. Fold maintains a bitcoin treasury position and access to a revolving credit facility. The move shifts investor focus from balance sheet constraints to execution on product development and customer acquisition.
Yahoo FinanceFold Shares Surge 162% After Bitcoin Fintech Sells $45 Million in BTC, Eliminates Debt
Fold Holdings, a Nasdaq-listed Bitcoin fintech company, announced it sold approximately $45 million worth of Bitcoin at an average price of $71,000 per coin. The company used $20 million of the proceeds to retire all its Bitcoin-collateralized debt, freeing up $25 million for growth initiatives. The restructuring leaves Fold debt-free on secured obligations. Following the announcement, shares jumped as high as $1.60, a 162% spike from the previous close, though they later settled at $1.10, still up over 80% on the day. Despite the rebound, FLD shares have fallen 58% year-to-date and over 78% in the past 12 months. CEO Will Reeves stated the move reduces financing risk and strengthens the balance sheet ahead of product launches, including a Bitcoin rewards credit card and business-focused services. The debt elimination also removes monthly cash interest payments, improving cash flow. Fold's Q1 revenue was $5.6 million, down 21% year-over-year.
Yahoo FinanceFold Shares Surge 162% After Bitcoin Fintech Sells $45M in BTC, Eliminates Debt
Fold Holdings, a Nasdaq-listed fintech company based in Phoenix, announced on June 10, 2026, that it sold approximately $45 million worth of Bitcoin at an average price of $71,000 per coin. The company used $20 million of the proceeds to retire all of its Bitcoin-collateralized secured debt, leaving it debt-free on secured obligations, and redirected the remaining $25 million toward growth initiatives. The restructuring aims to reduce financing risk and strengthen the balance sheet ahead of product launches, including a Bitcoin rewards credit card. Investors reacted positively, sending shares up 162% to $1.60 in early trading, though the stock remains down 58% year-to-date and 78% over the past 12 months. CEO Will Reeves emphasized that the move positions Fold for a key growth period. The company's Q1 revenue was $5.6 million, a 21% decline from the prior year.
Yahoo FinanceNasdaq-Listed Fold Sells Bitcoin to Clear Debt, Stock Surges 140%
Fold Holdings (FLD), a Nasdaq-listed Bitcoin financial services company, sold approximately $45 million worth of Bitcoin at an average price of $71,000 on June 10, 2026. The sale was executed at about 14% above the current spot price of $62,200. Proceeds were used to repay $20 million in Bitcoin-collateralized debt, eliminating all secured debt, and freeing $25 million for growth initiatives, particularly the Fold Bitcoin Credit Card rollout. The news drove FLD shares up nearly 140% in premarket trading. The move follows a broader trend of Bitcoin-heavy companies deleveraging, with MARA Holdings having sold 15,133 BTC in March. Fold's first-quarter results showed a 21.1% revenue decline and 32% drop in transaction volumes. The company retains a meaningful Bitcoin treasury, estimated at up to 826 BTC worth $51.3 million. CEO Will Reeves framed the sale as protection against short-term market volatility to ensure execution of the company's roadmap.
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