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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Fold sold $45 million worth of Bitcoin (approximately 634 BTC) at an average price of $71,000 to repay debt and fund expansion. The company allocated $20 million to fully cancel its BTC-collateralized debt, while Nakamoto Inc. reduced its outstanding debt by $45 million through asset sales and refinancing. Additionally, the company extended most remaining debt maturities to 2027 and secured lower borrowing costs under revised loan terms.