PANews reported on June 10th that, according to The Block, Fold Holdings disclosed that it sold approximately $45 million worth of Bitcoin at an average price of $71,000. Of this, $20 million was used to fully repay Bitcoin-collateralized loans, and the remaining $25 million will be used for business expansion. Based on the transaction price, this represents approximately 634 BTC sold. Bitcoin Treasuries data shows that it still holds approximately 826 BTC on its balance sheet (not updated for this transaction). Fold stated that this move, against the backdrop of Bitcoin prices falling approximately 14% from their high of $71,000, aims to reduce financing risk, improve cash flow, and focus on supporting the growth of its consumer and enterprise platforms, such as Bitcoin Credit Card. Following the announcement, Fold's Nasdaq-listed FLD stock price surged by approximately 160%.