Fold, a publicly traded Bitcoin financial services company, has retired $66. 3 million in convertible debt, removing a potential source of shareholder dilution and strengthening its capital structure ahead of planned product expansion. The company disclosed that it paid off two outstanding convertible notes, which previously allowed debt holders to convert their positions into equity under certain conditions. By eliminating these instruments, Fold significantly reduces the possibility of future share issuance that could dilute existing investors’ ownership stakes