Fold Holdings, Inc. (NASDAQ: FLD), the bitcoin financial company behind the products that give consumers, he announced a series of major transactions designed to eliminate secured debt, strengthen its finances, and support the next phase of its growth strategy.
The company raised about $45 million at an average price of about $71,000 per fund, used $20 million of the proceeds to retire bitcoin-collateralized debt, and directed the remaining $25 million toward growth in its consumer and business platforms.
The moves leave Fold it debt-free on the safe side and holding a bitcoin cash of about 1,492 BTC – worth about $95 million at current prices.
Fold stock rose to $1.50 in early trading, up more than 130% on the day. Since then, the stock has fallen below $1, rising 30% per day.
This topic deals with most debt restructuring. Fold repaid approximately $66.3 million in convertible notes, a position it made in March 2025 when the company added 475 BTC to its portfolio through the same instruments. Retirement loans were released 521 BTC that were locked as collateral, giving management more flexibility in the bitcoin industry going forward.
“We have reduced financial risk, strengthened our governance structure, and ensured that short-term market volatility will not impede the execution of our strategy,” said Will Reeves, Chairman and Chief Executive Officer. “As we approach the launch of a number of products, we believe the Fold is entering an important period in the company’s history.”
Fold’s credit card is a new product
Fold’s flagship product, its Bitcoin Rewards Credit Cardit is at the heart of managerial development theory.
Eliminating the loan removes the monthly interest rate from the cash value and, in Reeves’s view, gives the company a chance to raise funds to support the larger cardholders and track revenue relationships that participate in the program’s finances.
The company also has $45 million in bitcoin-backed debt and $250 million in cash. to buy a place aimed at the future accumulation of bitcoins – tools that show the financial playbook of the company Fold is committed from February 19, 2025, through the merger of SPAC and FTAC Emerald Acquisition Corp.
Renovations come based on business performance. Fold’s 2025 revenue reached $31.8 million, an increase of 34% year-over-year, driven by revenue of approximately $960 million during that period.
Since its launch in 2019, the company has managed $2 billion in total transactions and distributed $45 million in bitcoin payments to users, the company said.
The combination of a debt-free paper, a revenue engine, and a currency that maintains the value of bitcoin gives Fold a great platform that managers argue is designed to fit the current situation — where bitcoin’s financial products are gaining traction with consumers and financial institutions.
“Over the past year, we’ve built one of the strongest systems in our history,” Reeves said. “Our strong liquidity and low debt ensure we have the resources and flexibility to meet our goals at this important time for the Fold.”
