Fold, a Nasdaq‑listed cryptocurrency financial services firm, announced that it sold 832 Bitcoin to clear debt and is pursuing a 1‑for‑50 reverse stock split to maintain its share price above Nasdaq’s $1 minimum.

The company’s August 11 quarterly filing showed that, as of June 30, its investment treasury held 194 Bitcoin valued at $11.4 million after the sales, while a separate rewards treasury contained 77 Bitcoin worth $4.5 million that was matched to a Bitcoin‑denominated customer liability. The combined holdings totaled 271 Bitcoin, though the two buckets were not economically interchangeable.

Fold reported a $15.6 million operating loss for the first six months of 2026 and had $28.4 million in cash and cash equivalents at June 30. It also raised $7.5 million by selling about 5.82 million shares under an equity facility. The firm has not specified how it will fund future operating costs without additional equity issuances or further use of its Bitcoin reserve.

Nasdaq notified Fold on July 14 that its shares had closed below the $1 threshold for 30 consecutive business days, initiating a cure period that ends on January 11, 2027. To regain compliance, the stock must close at or above $1 for at least 10 consecutive business days, or longer if Nasdaq requires. The company is seeking shareholder approval for a reverse split ranging from 1‑for‑2 to 1‑for‑50; no ratio has been selected.

If implemented, the reverse split would increase the nominal share price without raising cash or issuing new shares, but it would not address the company’s cash flow needs. A failure to maintain the listing could constitute an event of default on a $13 million note, though the current notice does not itself trigger that provision.