➤ Fold Holdings sold $45 million worth of Bitcoin to eliminate secured debt and secure $25 million for growth initiatives.
➤ The groups warn that overly strict regulations might force issuers to limit stablecoins to permissioned systems, potentially favoring offshore alternatives and hindering DeFi innovation.
Fold sells $45M in Bitcoin to erase debt and fuel growth
Jun 10 2026 16:03 UTC
Fold sold $45 million in Bitcoin to repay debt and raise growth capital, boosting liquidity as investors sent FLD shares sharply higher.
#fold-holdings #bitcoin #debt-repayment #growth-capital #liquidity #fintech
➤ This move aligns with other public companies utilizing Bitcoin holdings to manage debt and fund operations.
➤ The core concern is that issuers cannot realistically identify all participants in secondary DeFi transactions, leading to potential strict liability for activities outside their control.
➤ The company's stock surged significantly following the announcement due to improved liquidity and a strengthened balance sheet.
➤ Hyperliquid and Paradigm are urging the U.S. Treasury to refine proposed AML rules under the GENIUS Act, arguing current proposals could push regulated stablecoins away from open DeFi networks.
Hyperliquid and Paradigm warn GENIUS Act rule could hurt DeFi
Jun 10 2026 06:25 UTC
Hyperliquid and Paradigm ask Treasury to narrow GENIUS Act AML rules they say could push regulated stablecoins away from open DeFi networks.
#genius-act #aml-rules #stablecoin-issuers #defi #hyperliquid