Nasdaq-listed Bitcoin financial services company Fold said it sold about $45 million worth of Bitcoin at an average price of $71,000 and completed a series of capital restructuring measures.
About $20 million of the proceeds were used to repay Bitcoin-backed secured debt, while the remaining $25 million will support business growth
Following the transaction, Fold said it has repaid all secured debt, improved its liquidity and cash flow structure, and continues to hold a “meaningful” Bitcoin reserve while dynamically adjusting asset allocation to support future growth. — link