Fold Holdings Sells $45 Million in Bitcoin to Eliminate Debt, Stock Surges Over 140%

Jun 10, 2026

Bitcoin financial services firm Fold Holdings (FLD) sold $45 million in Bitcoin to eliminate all its secured debt, securing $25 million for growth. The move, executed at an average price of $71,000 per coin, sent the company's stock surging over 140%. The deleveraging aims to de-risk Fold's balance sheet and fund its Bitcoin rewards credit card amid a recent 21% decline in quarterly revenue.

Fold bitcoin sale for debt

▪Fold Holdings sold approximately $45 million worth of Bitcoin at an average price of $71,000 per coin.
▪$20 million of the proceeds were used to eliminate all of the company's secured, Bitcoin-collateralized debt.
▪The remaining $25 million in cash was allocated for growth initiatives.
▪The $45 million transaction implies Fold liquidated roughly 634 bitcoin.
▪In February 2026, Fold also extinguished $66.3 million in convertible notes, recovering 521 BTC of pledged collateral.

Fold treasury bitcoin holdings

▪Fold maintains a $250 million equity purchase facility for future Bitcoin acquisitions.
▪Data from Bitcoin Treasuries indicates Fold's remaining holdings are approximately 826 BTC, worth about $51.3 million.
▪Other public companies have also recently sold Bitcoin, including MARA Holdings, Strategy, and Nakamoto Inc.
▪One report states Fold's remaining treasury is approximately 1,492 BTC, valued at around $95 million.

Fold stock price surge

▪The stock price jumped from a 52-week low to as high as $1.60 per share.
▪Despite the surge, FLD shares have fallen about 58% since the start of 2026 and over 78% in the last 12 months.
▪Following the announcement on June 10, 2026, Fold Holdings' (FLD) stock surged as much as 162%.

Fold revenue growth momentum

▪Fold's revenue for the first quarter of 2026 was $5.6 million, a 21.1% decline year-over-year.
▪Since its 2019 launch, Fold has processed over $2 billion in transactions and distributed over $45 million in Bitcoin rewards.
▪For its 2025 fiscal year, Fold's revenue was $31.8 million, a 34% increase from the previous year.
▪The company's transaction volumes dropped by 32% in Q1 2026 compared to the prior year.

Bitcoin rewards credit card

▪The $25 million in new capital is primarily aimed at scaling the Fold Bitcoin Credit Card.
▪The credit card program, which had a full rollout on May 27, 2026, had over 1,000 cards in circulation at the end of Q1 2026.

Fold product roadmap expansion

▪Fold's product pipeline includes a Bitcoin Gift Card and Fold Business tools for employers.
▪CEO Will Reeves said Fold is entering an important growth period with several upcoming product launches.