Fold (FLD.US) Sells 832 BTC in Half a Year, Losing $38.8 Million, Raising Concerns

According to Woofun AI, Nasdaq-listed company Fold (FLD.US) drastically cut Bitcoin reserves in the first half of the year to ease financial pressure. This move marks a strategic shift from asset holding to liquidity monetization.

Fold sold 832 BTC in the first half of the year, causing its remaining holdings to plummet to 194. The move was aimed at paying off debts and operating expenses. However, the shrinking assets were accompanied by a severe financial deficit. The company reported operating losses of $15.6 million and net losses of up to $38.8 million during the same period.

According to data compiled by Woofun AI, this practice of maintaining liquidity by consuming core digital assets has severely tested its balance sheet.

As an entity positioned as a Bitcoin financial services company, Fold's act of selling BTC to support operating expenses and debt repayment revealed its potential liquidity risk. The analysis indicates that if the financial situation cannot be stabilized, Fold may be forced to issue further shares or sell more bitcoins.

This shift in strategy raised questions about the market's ability to continue generating revenue without relying on asset sales, and highlighted the risk of volatility associated with using cryptocurrencies as a major asset.

Investors are paying close attention to the long-term viability of the Fold business model and the direction of strategic adjustments. With only 194 positions left and serious losses, finding alternative financing channels is critical. The next few quarters will be a decisive period for testing whether it can balance digital asset holding and operating needs and achieve steady development.