India, June 10 -- Fold Holdings, Inc. (FLD) shares climbed 26.21 percent, gaining $0.1608 to $0.7729 on Wednesday after the bitcoin financial services company announced a series of capital transactions aimed at strengthening its balance sheet and supporting future growth.
The stock is currently trading at $0.7729, compared with its previous close of $0.6121 on the Nasdaq. During the session, it opened at $1.3300 and traded between $0.6800 and $1.6000. Trading volume surged to 99.41 million shares, dramatically above its average volume of 164,964 shares.
The company monetized approximately $45 million of bitcoin holdings at an average price of about $71,000 per bitcoin, repaid $20 million of bitcoin-collateralized debt, and allocated the r...