Fold, a leading Bitcoin financial services firm, has announced the full repayment of its $66 million debt facility. This strategic payoff has allowed the company to reclaim a substantial amount of Bitcoin collateral that was previously held as security. By clearing these obligations, Fold has significantly improved its balance sheet and transitioned its BTC holdings to an unencumbered status. The company, widely known for its Bitcoin rewards debit card and shopping app, stated that this move enhances its financial sovereignty and provides greater flexibility for future operations. CEO Will Reeves emphasized that reclaiming the company’s Bitcoin is a critical milestone that aligns with their long-term mission of promoting Bitcoin adoption while maintaining a robust and independent financial position in the digital asset market.
Source: Bitcoin company Fold pays off $66M debt, frees up BTC collateral
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