Bitcoin financial services firm Fold sold 832 BTC in the first half of 2026, including 632 BTC for 44.7 million dollars in June, using 20 million dollars to repay a Bitcoin-backed credit facility. As of June 30, the company held 194 BTC (11.4 million dollars) in its investment treasury and 28.4 million dollars in cash, while reporting an operating loss of 15.6 million dollars for the period. Following a Nasdaq notice on July 14 for failing to meet the 1-dollar minimum bid price rule, Fold is seeking shareholder approval for a reverse split with a ratio ranging from 1-for-2 to 1-for-50. This maneuver would restore share price compliance without raising cash or consuming additional Bitcoin, but does not address how the company will fund its ongoing operations.
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