Fold Sold 832 Bitcoin in First Half, Shrinking Holdings to 194 BTC
Summary
- Fold sold 832 BTC in the first half to repay debt and fund operations.
- The sales reduced its Bitcoin holdings for investment purposes to 194 BTC, while total holdings stood at 271 BTC.
- Fold posted a $15.6 million operating loss in the first half, leaving open the possibility of future Bitcoin sales or additional share issuance.
Forecast Trend Report by Period
Fold, a Nasdaq-listed Bitcoin financial services company, sold a total of 832 BTC in the first half of 2026 to repay debt and fund operations.
CryptoSlate reported on August 12 that Fold sold 200 BTC for $14.4 million in February and another 632 BTC for $44.7 million in June. Of the June proceeds, $20 million went to repay a Bitcoin-backed loan, while the remaining $24.7 million was retained as cash.
By the end of June, Fold's Bitcoin holdings for investment purposes had fallen to 194 BTC. Including 77 BTC held separately for customer rewards, its total holdings stood at 271 BTC.
Fold posted an operating loss of $15.6 million in the first half. CryptoSlate reported that the continued losses could leave the company seeking fresh funding through additional share sales or further Bitcoin disposals, though it said that remains a potential financing risk rather than confirmation that such steps are inevitable.
JH Kim
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