A note Fold Sells $45 Million in Bitcoin to Refinance Debt and Raise Funds appeared for the first time Coinpedia Fintech News
Fold, a Nasdaq company that is part of the Bitcoin Financial Services group, sold about $45 million worth of Bitcoin at an average price of $71,000 as part of a recapitalization plan. The company used about $20 million of the proceeds to pay off debt secured by Bitcoin, with the remaining $25 million allocated to business expansion. The move is important…
