Fold Holdings (FLD) stock surged over 63% on June 10, 2026, after the company announced it had sold approximately $45 million worth of bitcoin and used the proceeds to eliminate all of its secured debt.
The bitcoin was sold at an average price of around $71,000 per coin. The transaction gave Fold immediate liquidity and a cleaner balance sheet in one move.
Of the $45 million raised, $20 million went toward repaying bitcoin-collateralized debt. The remaining $25 million has been earmarked for growth initiatives across its consumer and enterprise platforms.
CEO Will Reeves said the company has “built one of the strongest product roadmaps in our history” and that increased liquidity gives Fold the flexibility to execute during what he called “a pivotal moment.”
The company recently launched a Credit Card, Bitcoin Gift Card, and Fold Business products. More launches are planned in the coming months.
By wiping out its secured debt, Fold also removes the burden of monthly cash interest payments. Management expects the cash flow profile to keep improving as new products roll out and customer activity picks up.
The company’s revolving credit facility remains available for future use, giving it additional financial flexibility if needed.
Fold’s management singled out the Bitcoin Credit Card as one of its biggest long-term growth opportunities. With the stronger balance sheet, the company says it can now support a larger cardholder base and pursue additional funding relationships.
The goal is to participate more meaningfully in the economics of the Credit Card program as it scales.
Fold says it still holds a meaningful bitcoin treasury position after the sale, and retains the option to monetize more holdings if that represents the best use of capital for stockholders.
The most recent analyst rating on FLD is a Buy, with a price target of $3.50.
Fold’s current market cap stands at approximately $31 million. The stock’s technical sentiment signal is listed as Sell, and average daily trading volume sits at around 165,000 shares prior to this announcement.
The post Fold Holdings (FLD) Stock Jumps 63% After Bitcoin Sale Eliminates Debt appeared first on CoinCentral.
