Fold Holdings chief operating officer Matt McManus sells $949 in stock By Investing.com

Matt McManus, Chief Operating Officer of Fold Holdings, Inc. (), sold a portion of his common stock holdings in the company on July 22, 2026.

The transaction involved the disposition of 2,109 shares of common stock at a price of $0.45 per share, totaling $949. This sale was not a discretionary transaction by Mr. McManus. Instead, it was a “sell to cover” transaction mandated by Fold Holdings to satisfy tax withholding obligations associated with the vesting and settlement of restricted stock units.

Following this reported transaction, Mr. McManus beneficially owns 382,879 shares of Fold Holdings common stock.The sale comes as the stock trades at $0.45, down nearly 90% over the past year despite a recent 19% bounce over the last week. According to InvestingPro analysis, the company currently appears undervalued relative to its Fair Value, though it carries a “WEAK” financial health rating. Investors seeking deeper insights can access the comprehensive Pro Research Report, available for FLD and 1,400+ other US stocks on InvestingPro.

In other recent news, Fold Holdings Inc. reported disappointing financial results for the first quarter of 2026. The company posted an earnings per share (EPS) of -$0.59, significantly missing the forecasted -$0.13. Additionally, revenue fell short of expectations, reaching only $5.59 million compared to the anticipated $10.09 million. In a strategic move, Fold Holdings eliminated $20 million in debt and raised $25 million in cash by selling approximately $45 million worth of bitcoin. This transaction was aimed at strengthening its balance sheet and supporting business expansion. Fold Holdings also secured a $150 million credit facility with Encina Lender Finance, LLC to bolster its bitcoin rewards credit card program. Furthermore, the company launched its Bitcoin Gift Card on TikTok Shop, tapping into a platform with over 1 billion monthly active users. These developments indicate Fold Holdings’ efforts to navigate financial challenges and pursue growth opportunities.

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