Fold, a publicly listed Bitcoin financial services firm, has paid off $66.3 million in convertible notes, cutting potential shareholder dilution and simplifying its capital structure ahead of planned product growth. The move also releases 521 Bitcoin that had been pledged as collateral, giving the company more flexibility to fund initiatives such as a consumer Bitcoin rewards credit card. Fold, which listed on Nasdaq in February 2025 and has seen its share price drop over 84% since, now aims to compete more aggressively in the crowded crypto rewards market.