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Fold, a Bitcoin-focused financial services company traded on Nasdaq, sold a significant amount of Bitcoin in the first half of 2026 to reduce debt and finance its operations. According to reports, the company sold a total of 832 $BTC in the first six months of the year.
Following the sales, the amount of Bitcoin on Fold’s balance sheet decreased significantly. The company’s current Bitcoin reserve fell to 194 $BTC, indicating a notable reduction in Fold’s crypto asset position.
The financial results also revealed increased pressure on the company. Fold reported an operating loss of $15.6 million in the first half of the year. During the same period, the company’s total net loss reached $38.8 million. These figures raised further questions about the company’s operational and financial performance.
Analysts say that if current levels of losses persist, Fold may need additional funding. This could involve raising capital through a new share issuance or selling a portion of its Bitcoin reserves.
While many publicly traded companies have chosen to hold Bitcoin as a strategic reserve asset on their balance sheets in recent years, Fold’s need to reduce its reserves has attracted attention. The fact that a company known for its Bitcoin-focused business model is selling $BTC to finance its operations is being closely watched by investors.
While the company management has not provided a detailed explanation of its future capital plans, the current financial statements suggest Fold may take new steps to strengthen its cash flow. Market experts believe that the financial results and Bitcoin strategy the company will announce in the coming quarters will be critical to investor confidence.
*This is not investment advice.
coindesk.com
bitcoinworld.co.in