Fold Sells 633.8 Bitcoin to Repay Debt, Holdings Fall to 192.2 BTC
Uk Jin
Summary
- Fold Holdings sold 633.8 Bitcoin to repay a Bitcoin-backed loan.
- The sale repaid $20 million in Bitcoin-backed debt, while the company's Bitcoin holdings fell to 192.2 BTC from 826 BTC.
- According to Bitcoin Treasuries, Fold ranks 88th worldwide among publicly traded companies by Bitcoin holdings.
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Fold Holdings, a Bitcoin financial services company, sold 633.8 Bitcoin to repay a Bitcoin-backed loan.
Bitcoin Treasuries said on June 11 that the Nasdaq-listed company sold the tokens to repay $20 million of Bitcoin-backed debt.
The sale reduced Fold's Bitcoin holdings to 192.2 BTC from 826 BTC. Based on Bitcoin Treasuries data, Fold ranks 88th among publicly traded companies worldwide by Bitcoin holdings.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
