Fold Shares Jump 162% After Bitcoin Fintech Sells $45 Million in BTC, Wipes Out Debt

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…